1995-12520-Resolution No. 95-060 Recorded 4/20/199595-12S20 REVIEWED
r, BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES OUN QAC
A Resolution Prescribing the Process
of Creating a Deschutes County Invest- * 4 �.� 4 r.
ment Advisory Committee.;f ,,1
RESOLUTION NO. 95-060 .
WHEREAS, the Deschutes County Treasurer is statutorily responsible
for the investment of County funds; and
WHEREAS, the County Treasurer invests the funds for certain
districts throughout the county; and
WHEREAS, the County Treasurer is restricted to investments in
accordance with State law; and
WHEREAS, the County Treasurer and the Board of Commissioners
desire to obtain the maximum amount of investment return within the
guidelines established by the State; and
WHEREAS, the County Treasurer has expressed a desire to have an
advisory committee to provide recommendations for the implementation of
the investment policy; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Treasurer establish the
Deschutes County Investment Advisory Committee. The committee will be
composed of five members with a background and/or experience as a
banker, security broker, CPA/accountant, municipal finance personnel,
and a county budget committee member.
Section 2. The committee will meet with the County Treasurer at
least twice per year and review the investment portfolio with regard to
compliance with the adopted investment policy. The committee will make
recommendations to policy changes and possible investment procedures.
Section 3. It will be the responsibility of the County Treasurer
and the Board of Commissioners to make appointments to the Investment
Advisory Committee. Two appointments will be for two-year terms and
two will be for four-year terms. The budget committee member will be
selected each year by the budget commi ee.
DATED this �� day of 1995.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTEq-,.C-OUNTY, OREGON
1/,;Cn0F MED
APR 2 95
Ar!:
Recording Secretary
1 - RESOLUTION NO. 95-060
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