File #: 23-0756    Name: FY24 Investment Policy
Type: Agenda Item Status: Consent Item
In control: City Council Regular Meeting
On agenda: 9/19/2023 Final action:
Title: Consider/Discuss/Act on a Resolution Adopting the Fiscal Year 2023-2024 Investment Policy
Attachments: 1. Resolution, 2. FY24 Investment Policy
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Consider/Discuss/Act on a Resolution Adopting the Fiscal Year 2023-2024 Investment Policy

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

4A: Provide funding and organizational framework to ensure continual economic improvements

 

MEETING DATE:                     September 19, 2023

 

DEPARTMENT:                      Financial Services

 

CONTACT:                       Mark Holloway, Chief Financial Officer

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

                     Adopt the Fiscal Year 2023-2024 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 legislative changes to Public Funds Investment Act.

                     No changes are being proposed 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 2022-2023 was approved by City Council on September 20, 2022.

 

FINANCIAL SUMMARY:  N/A

 

BOARD OR COMMISSION RECOMMENDATION:  N/A