HomeMy WebLinkAbout03/05/2014 5H AGENDA BILL 45 H
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: Resolution No 3214 authorizing Study Session Date February 26, 2014
investment of City monies in the Local COUNCIL MEETING Date March 5, 2014
Government Investment Pool Department Financial Services
Presenter Cathy Johnson
Phone 473 -5296
SUMMARY: Chapter 294, Laws of 1986 authorize public funds by governmental entities to be
invested in the Local Government Investment Pool ( "LGIP "). In order to provide more clarity with
respect to how the Local Government Investment Pool operates, and as a result of recently amended
WACS, a prospectus has been created and distributed to all investors in the LGIP. The City has
been requested to provide an updated resolution referencing these changes
ATTACHMENTS: Resolution No 3214
Local Government Investment Pool Prospectus dated January 2014
Local Government Investment Pool Transaction Authorization Form
FISCAL IMPACTS (Include Budgeted Amount) None
STUDY SESSION AGENDA ® No Presentation ❑ Full Presentation
STUDY SESSION ACTION: ; Consent Agenda ❑ General Business ❑ Public Hearing
RECOMMENDED MOTION: Move to adopt Resolution No 3214 authorizing investment of City
ornes in the Local Government Investment Pool
COUNCIL ACTION: [Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 01/25/13