Res FA-71RESOLUTION NO. FA -71
A RESOLUTION OF THE PALM DESERT FINANCING AUTHORITY,
APPROVING THE PALM DESERT STATEMENT OF INVESTMENT
POLICY, AS AMENDED
WHEREAS, pursuant to California Government Code Section 53646, the treasurer
has proposed a Statement of Investment Policy for consideration by the Palm Desert
Financing Authority (hereafter referred to as the “Financing Authority”), which is attached
hereto, and incorporated herein by reference; and
WHEREAS, pursuant to Palm Desert Municipal Code Section 3.08.020, the
Housing Authority Board has delegated the authority to invest all public funds that the
Housing Authority holds to the treasurer.
NOW, THEREFORE, BE IT RESOLVED by the Financing Authority, as follows:
SECTION 1. The City of Palm Desert Statement of Investment Policy is hereby
approved and adopted.
SECTION 2. The authority to invest and reinvest all public funds that the Financing
Authority holds, and to sell or exchange the securities so purchased, in compliance with
the terms of the approved Statement of Investment Policy, is hereby delegated to the
treasurer.
ADOPTED ON DECEMBER 14, 2023.
KARINA QUINTANILLA
BOARD CHAIRPERSON
ATTEST:
ANTHONY J. MEJIA
SECRETARY TO THE BOARD
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
Resolution No. FA-71 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. FA -71 is a full, true, and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Desert on December 14, 2023, by the
following vote:
AYES: HARNIK, KELLY, NESTANDE, TRUBEE, AND QUINTANILLA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
RECUSED: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on ______________.
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
1/12/2024