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k's r'{fice <br /> `$''` UTH g --� <br /> 1200N COUNTY-CITY BUILDING 04Yd�; P NE 74.235.9216 <br /> 227 W. JEFFERSON BLVD. I NOV. 2 2022 F 4.235.9928 <br /> SouTx BEND,INDIANA 46601-1830W . ; \; <br /> �',‘ ,,PEACE, <br /> DAWN M.JONES <br /> \. -•�— x 'a CITY CLERK. SOUTH BEND,IN <br /> CITY OF SOUTH BEND, IN JAMES MUELLER, MAYOR <br /> DEPARTMENT OF ADMINISTRATION AND FINANCE <br /> November 21,2022 <br /> Ms. Sharon McBride,President <br /> City of South Bend Common Council <br /> 227 W.Jefferson Boulevard,4th Floor <br /> South Bend, Indiana 46601 <br /> RE: Investment Policy <br /> Dear President McBride, <br /> The Indiana legislature has enacted Indiana Code § 5-13-9 et seq,which allows the fiscal officer of a city to <br /> make investments of certain city funds into designated investment vehicles.Accordingly,the attached <br /> ordinance authorizes me to continue our current practice of exercising these investment powers to maximize <br /> financial resources of the City. <br /> This bill makes no changes to the current investment policy of the City,and it mirrors bills passed by the <br /> Common Council in December of 2020 and December of 2021.Certain powers of investment outlined in <br /> the Indiana Code require annual approval from the South Bend Common Council,which is why this bill is <br /> being presented at this point. <br /> I will present this bill to the Common Council at the appropriate committee and Council meetings. It is <br /> requested that this bill be filed for 1st reading on November 28,2022,with 2nd reading,public hearing and <br /> 3rd reading scheduled for December 12,2022. <br /> Thank you for your attention to this request. If you should have any questions,please feel to contact me at <br /> 574-235-9822. <br /> Regards, <br /> Daniel T. Parker <br /> City Controller <br /> 6� <br />