City Council

9.3 TREASURER'S STATEMENT OF INVESTMENT POLICY\nComments:\nThe investment policies and practices of the City of Lynwood are based on state laws and principles\nof prudent money management. This statement is intended to provide guidelines for the prudent\ninvestment of idle and surplus cash, while meeting the short and long-term cash flow demands. It\nis submitted annually for City review. (CT)\nRecommendation:\nStaff recommends that the Lynwood City Council review the Statement of Investment Policy and\nadopt the resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nLYNWOOD, APPROVING THE CITIES ANNUAL STATEMENT OF INVESTMENT POLICY."