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