05-05RESOLUTION NO. 2005-05
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
Resolution adopting a written Investment Policy for the City of Otsego
WHEREAS, the City of Otsego has determined that policies and procedures of
the City should be documented in writing,
WHEREAS, the management of the City's cash and investments is an important
function of the City's financial management practices,
WHEREAS, the City's Investment Policy documents the policies and procedures
that will provide the guidelines for the management of the City's
cash and investments,
WHEREAS, the City Council has reviewed the written Investment Policy
prepared by the City's staff,
NOW LET IT BE RESOLVED, that the City Council does hereby adopt the
Investment Policy attached to this resolution.
Adopted by the council this 14th day of February, 2005
Attest:
I Hu , City Clerk
Lar, ournier, Mayor