File #: 14-914    Name: Investment Policy
Type: Resolution Status: Approved
In control: City Council Regular Meeting
On agenda: 9/16/2014 Final action: 9/16/2014
Title: Consider/Discuss/Act on a Resolution Adopting the Investment Policy for Fiscal Year 2014-2015
Attachments: 1. Resolution, 2. Investment Policy
Title
Consider/Discuss/Act on a Resolution Adopting the Investment Policy for Fiscal Year 2014-2015
 
Summary
 
MEETING DATE:      September 16, 2014
 
DEPARTMENT:       Finance
 
CONTACT:        Rodney Rhoades, Chief Financial Officer
 
 
RECOMMENDED CITY COUNCIL ACTION:      
·      Adopt the Fiscal Year 2014-2015 Investment Policy.
 
ITEM SUMMARY:  
·      Annual review of the City's investment policy is required to comply with the state statute, Public Funds Investment Act, Chapters 2256 & 2257 of the Texas Local Government Code.
·      There are no changes to the policy.
 
BACKGROUND INFORMATION:  
·      As required by the Public Funds Investment Act, the City's investment policy must be approved by the City Council annually.
·      The Investment Policy for Fiscal Year 2013-2014 was approved by City Council on November 5, 2013.
 
FINANCIAL SUMMARY:  N/A
 
BOARD OR COMMISSION RECOMMENDATION:  N/A