Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

RESOLUTION CONFIRMING COUNTY INVESTMENT POLICY FOR 2020

WHEREAS, Resolution 65 of 1986 established an "Investment Procedure" for "Investment of Idle Funds" by the County Treasurer; and

WHEREAS, Resolution 414 of 1994 updated said procedure to correspond with current requirements; and

WHEREAS, Resolution 397 of 1998 adopted the "Fulton County Investment Policy" to conform with all applicable federal, state and other legal requirements; and

WHEREAS, Resolution 292 of 2013 amended said policy to allow certain additional permitted investment instruments; and

WHEREAS, General Municipal Law, Section 39, requires that the "Fulton County Investment Policy" be reviewed by the Board of Supervisors on an annual basis; now, therefore be it

RESOLVED, That the Board of Supervisors hereby confirms the contents of the "Fulton County Investment Policy", as adopted by Resolution 397 of 1998, as amended; and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, Budget Director/County Auditor and Administrative Officer/Clerk of the Board.

Seconded by Supervisor BRADT and adopted by the following vote:
Total: Ayes: 19 Nays: 0 Absent: 1 (Supervisor Howard)

 

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