Title
Consider/Discuss/Act on a Resolution Adopting the Investment Policy for Fiscal Year 2018-2019
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: September 4, 2018
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
• Adopt the Fiscal Year 2018-2019 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 investment 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 2017-2018 was approved by City Council on November 7, 2017.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A