Resolution No. 3088-18 Statement of Investment Policy 20181
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RESOLUTION NO. 3088-18
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING A STATEMENT OF INVESTMENT POLICY AND
SUPERSEDING RESOLUTION NO. 3062-17
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
from time to time on behalf of the District as permitted by the California Government
Code and the District's Investment Policy; and,
WHEREAS, the South Tahoe Public Utility District staff wish to update the
statement of Investment Policy to enhance the South Tahoe Public Utility District's
>pportunities for prudent and systematic investments, to delegate the Chief Financial
officer as the investment officer of the District, and to update certain language
according to the California Government Code; and,
NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South Tahoe
Public Utility District that;
The attached Statement of Investment Policy is hereby adopted and becomes a
part of this Resolution by reference herein.
WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
Resolution was duly and regularly adopted and passed by the Board of Directors of the
South Tahoe Public Utility District at a regular meeting duly held on the 5th day of
July, 2018, by the following vote:
AYES: JONES, VOGELGESANG, WALLACE
NOES: NONE
ABSENT: CEFALU, SHEEHAN
A E� .
Melonie Guttry, Clerk of the pard
South Tahoe Public Utility District
Randy Vogelgesang, Board President
South Tahoe Public Utility District