Agenda Index City of Vancouver

ADMINISTRATIVE REPORT

TO:

Vancouver City Council

FROM:

General Manager of Corporate Services / Director of Finance

SUBJECT:

Authority to Invest Funds - Year 2000

 

RECOMMENDATION

POLICY

Council has the policy to delegate to the Director of Finance the authorities which Council has under the Vancouver Charter with regard to the investment of the City’s cash balances.

SUMMARY

The Director of Finance has requested to be authorized to invest the City’s cash balances (Section 201) including the proceeds of debenture sales (Section 259) and cash in the Sinking Fund (Section 260). Details of these investments are circulated to Council each month for information.

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ag991214.htm


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