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For Customer Use:XI have an existing Acct. # This resolution is for: New AccountXFor OFFS Use Only: Acct Approved Audit Add Entered Approval: AD1 AD2 Res. Form 2000AxxxxxChange to Existing Acct. #Auth
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The Local Government Investment Pool (LGIP) is a program that allows local government entities to invest their funds in a pooled investment account, aiming to enhance the safety, liquidity, and yield of their investments.
Local government entities such as counties, municipalities, and other governmental bodies that wish to participate in the investment pool are required to file the necessary documentation.
To fill out the LGIP document, local governments must provide their entity information, investment objectives, and authorize the designated officials to manage funds in the pool, following the guidelines set forth by the governing body.
The purpose of the LGIP is to provide a secure and efficient method for local governments to invest their surplus funds, enhancing cash management and maximizing returns.
Entities must report their investment goals, account balances, transactions, distribution of income, and any changes in investment strategies or policies.
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