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03/07/2006 Resolutions 2006-75 I I RES 0 L UTI 0 N 2006-75 WHEREAS, on January 27, 1992, by Resolution 92-009, the City Council ofthe City of Grand Island approved and adopted a Fiscal Policies Manual; and WHEREAS, the City's auditors have recommended that this policy be updated and that an investment policy be implemented as well; and WHEREAS, such policy manuals include the following topics: * General Financial Goals of the City * Accounting and Budget Policies * Purchasing Policies * Revenue and Investment Policies * Capital Improvement Policies * Debt Management Policies * Communication and Disclosure Policies * Code of Professional Ethics * Investment Parameters * Suitable and Authorized Investments WHEREAS, City administration recommends adoption of the proposed fiscal policies and investment policies. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Fiscal Policies Manual and the Investment Policy for the City of Grand Island is hereby approved and adopted; and that the city administration be responsible for implementation of the polices outlined therein. Adopted by the City Council of the City of Grand Island, Nebraska, March 7, 2006. ,/ Attest: pJ\ cu- 9ilwar{.h RaNae Edwards, City Clerk Approved as to Form J:I n R l U March 2, 2006 J:I City Attorney -.,,' --'~'\". . 1!1c.., " )~._~ ~"". " ."-c- . _.. -. -,-.. -. _',.,~ ~..;;:~',,~~.'~~.$:.~iil~,,!ifC-