City Council

13. TREASURER'S INVESTMENT POLICY\nComments:\nThe investment policies and practices of the City of Lynwood are based on state laws and\nprinciples of prudent money management. This statement is intended to provide guidelines for\nthe prudent investment of idle and surplus cash, while meeting the short and long-term cash flow\ndemands and it is submitted annually for City review. (CT)\nRecommendation:\nStaff recommends that the City Council adopt the following resolution entitled: “A RESOLUTION\nOF THE CITY COUNCIL OF THE CITY OF LYNWOOD, COUNTY OF LOS ANGELES,\nSTATE OF CALIFORNIA, APPROVING THE TREASURER’S STATEMENT OF\nINVESTMENT POLICY."