Resolution No. 3175-21 Investment Policy June 17, 20211
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RESOLUTION NO. 3175-21
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING A STATEMENT OF INVESTMENT POLICY AND
SUPER SEDING RESOLUTION NO. 3144-20
6 BE IT RESOLVED, by the Board of Directors of the South Tahoe Public Utility District,
7 County of El Dorado, State of California, as follows:
8 WHEREAS, the South Tahoe Public Utility District enters into various investments
g from time to time on behalf of the District as permitted by the California Government
10 Code and the District's Investment Policy; and,
11 WHEREAS, the South Tahoe Public Utility District staff wish to update the
12 Statement of Investment Policy to enhance the South Tahoe Public Utility District's
13 opportunities for prudent and systematic investments, to delegate the Chief Financial
14 Officer as the investment officer of the District, and to update certain language
15 according to the California Government Code; and,
16 NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South Tahoe
17 Public Utility District that;
18 The attached Statement of Investment Policy is hereby adopted and becomes a
1 g part of this Resolution by reference herein.
20 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
21 Resolution was duly and regularly adopted and passed by the Board of Directors of the
22 South Tahoe Public Utility District at a regular meeting duly held on the 17th day of
23 June 202 l , by the following vote:
24 AYES: Cefalu, Romsos, Peterson !_ Sheehan, Exline
25 NOES: None
26 ABSENT: None
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ATTE��
Melonie Guttry, Clerk 6ftheBoard
South Tahoe Public Utility District
Kelly he hon, Board President
South Tahoe Public Utility District