Earlier editions: 2026-07
Title 2 — Administration and Personnel
Orange Municipal Code Ch. 2.49 Statement of Investment Policy
Orange Municipal Code · 2026-10 edition · updated 2026-10-04 · Orange
Cite as: Orange Municipal Code Chapter 2.49 · Text as of 2026-10-04
§ 2.49.010. Purpose.¶
The purpose of this chapter is to establish a requirement that a statement of investment policy be adopted by the City and to prescribe uniform procedures in revising the investment policy.
(Ord. 13-95)
§ 2.49.020. Requirement.¶
It is a requirement of the City of Orange that the City Council adopt a statement of investment policy to set forth policies for maximizing the efficiency of the City's cash management system and to provide guidelines for prudent and suitable investments of City funds.
(Ord. 13-95)
§ 2.49.030. Adoption of Policy by Resolution.¶
To comply with the requirements of Section 2.49.020, the City Council shall, by resolution, adopt a statement of investment policy. Any amendments to the policy shall be adopted by resolution.
(Ord. 13-95)
§ 2.49.040. Monitoring and Amending Policy.¶
It shall be the responsibility of the Investment Oversight Committee to:
A. Review the City's Statement of Investment Policy and recommend changes, additions, or deletions; and
B. Monitor the implementation of the Investment Policy and annually submit a compliance report to the City Council.
(Ord. 13-95)
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