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• RESOLUTION NO. 2010 -65R <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS, ADOPTING <br />REVISED INVESTMENT POLICIES; AND <br />DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. Texas Government Code §2256.005 requires the City Council to adopt a <br />written policy regarding the investment of City funds and funds under City control. <br />2. The Director of Finance, Steve Parker, has recommended the adoption of a <br />revised City of San Marcos Investment Policy that assigns the responsibilities of <br />reviewing the quarterly reports for the City of San Marcos, making recommendations to <br />changes in policy and approving the City's broker /dealer list to the Finance and Audit <br />Committee. In addition, the Director of Finance has recommended revisions to the <br />Operating and Bond Funds Investment Policy and Reserve Funds Investment Policy. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The foregoing recommendations and revised City of San Marcos <br />Investment Policies attached to this resolution are approved and adopted. <br />PART 2. This Resolution shall be in full force and effect from and after its <br />passage. <br />ADOPTED on May 4, 2010. <br />6W&& <br />Susan Narvaiz <br />Mayor <br />Atte t: <br />Sherry Mas urn <br />City Clerk <br />• <br />