Resolution 2954-14 � RESOLUTION NO. 2954-14
2 A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
3 ADOPTING A STATEMENT OF INVESTMENT POLICY AND
SUPERSEDING RESOLUTION NO. 2935-12
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6 BE IT RESOLVED, by the Board of Directors of the South Tahoe Public Utility
� District, County of EI Dorado, State of California, as follows:
WHEREAS, the South Tahoe Public Utility District enters into various investments
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from time to time on behalf of the District as permitted by the California Government
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Code and the District's investment policy; and
10 WHEREAS, the South Tahoe Public Utility District staff wish to update the
11 Statement of Investment Policy to enhance the South Tahoe Public Utility District's
�2 opportunities for prudent and systematic investments, to delegate the Chief Financial
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13 Officer as the investment officer of the District, and to update certain language
14 according to the California Government Code; and
15 NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South Tahoe
16 Public Utility District that:
�� The attached Statement of Investment Policy is hereby adopted and becomes
a part of this Resolution by reference herein.
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WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
�9 resolution was duly and regularly adopted and passed by the Board of Directors of the
20 South Tahoe Public Utility District at a regular meeting duly held on the
2� 19th day of June, 2014, by the following vote:
22 AYES: Cefalu, Jones, Vogelgesang, Sheehan, Schafer
23 NOES: None
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ABSENT: None
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26
Eric Schafer, oar resident
27 South Tahoe Public Utility District
28 ATTEST:
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30 Melonie Guttry, Clerk of the oard