HomeMy WebLinkAboutReso 120-24 Establishing a Standing Finance and Investment CommitteeDocusign Envelope ID: F39A608D-ABEC-44F2-A81A-92873E95C8FA
RESOLUTION NO. 120 — 24
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ESTABLISHING A STANDING FINANCE AND INVESTMENT COMMITTEE
WHEREAS, the City's investment policy and strategy continues to be areas of importance
for the City Council; and
WHEREAS, the City's long-term financial stability requires the transparent sharing of
information with the City Council as well as the appropriate level of focus and scrutiny; and
WHEREAS, a standing Finance and Investment Committee of the City Council is needed
in order to review in depth the City's Investment Policy, as well as review and make
recommendations on the City's investment strategy, portfolio composition and quarterly returns;
and
WHEREAS, such standing Finance and Investment Committee will be able to act in an
advisory capacity in matters pertaining to the City budget, long-term financial planning, funding
plans for complex projects, and other finance matters; and
WHEREAS, the standing Finance and Investment Committee will provide policy guidance
and direction to Staff and will serve as a recommendation body to the entire City Council, but will
not make any legislative decisions on behalf of the City Council; and
WHEREAS, the standing Finance and Investment Committee is subject to the Brown Act
and will follow all of the necessary requirements to comply.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby establish a standing Finance and Investment Committee.
BE IT FURTHER RESOLVED that members of the Finance and Investment Committee
will be appointed in December of 2024 by the Mayor as part of the annual appointments, with the
Committee becoming effective January 1, 2025.
{Signatures on the following page}
Reso. No. 120-24, Item 5.8, Adopted 10/15/2024 Page 1 of 2
Docusign Envelope ID: F39A608D-ABEC-44F2-A81A-92873E95C8FA
PASSED, APPROVED AND ADOPTED this 15th day of October 2024, by the following
vote:
AYES: Councilmembers Hu, Josey, Qaadri, Thalblum and Mayor McCorriston
NOES:
ABSENT:
ABSTAIN:
ATTEST:
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Reso. No. 120-24, Item 5.8, Adopted 10/15/2024 Page 2 of 2