Lake County Illinois - File #: 12-0627

• File #: 12-0627
• Version: 1
• Name: Joint resolution approving the revised Lake County Investment Policy.
• Type: resolution
• Status: Passed
• File created: 5/23/2012
• In control: Revenue, Records, and Legislation Committee
• Final action: 6/12/2012
• Title: Joint resolution approving the revised Lake County Investment Policy.

Date	Ver.	Action By	Action	Result
6/12/2012	1	Lake County Board	adopted	Pass
5/30/2012	1	Financial & Administrative Committee	recommended for adoption to the consent agenda	Pass
5/30/2012	1	Revenue, Records, and Legislation Committee	approved and referred on to the Financial and Administrative Committee	Pass

Title

Joint resolution approving the revised Lake County Investment Policy.

Staff Summary

·      The investment policy establishes cash management and investment guidelines for County funds.

·      It is in Lake County's best interest to make periodic changes to the invest policies

·      Changes recommended relate to the approval process for portfolio managers.

Body

WHEREAS, the investment policy establishes cash management and investment guidelines for County funds; and

WHEREAS, it is in Lake County's best interest to make periodic changes to the investment policy to ensure relevance with changing economic times; and

WHEREAS, the County Treasurer recommends changes to the investment policy; and

NOW, THEREFORE BE IT RESOLVED, by this County Board of Lake County, Illinois, that the investment policy in substantially the attached form is hereby approved.

DATED at Waukegan, Lake County, Illinois, on June 12, 2012.