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RESOLUTION NO. 2012 -23 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS, ADOPTING <br />REVISED INVESTMENT POLICIES FOR OPERATING <br />FUNDS AND RESERVE FUNDS; AND DECLARING <br />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 <br />revised City of San Marcos investment policies for operating funds and reserve funds. <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 the 20`h day of March 2012. <br />aniel G <br />Attest: <br />Jam e Lee Pett ohn <br />i y Clerk <br />