File #: 20-0790    Name: FY21 Investment Policy
Type: Resolution Status: Consent Item
In control: City Council Regular Meeting
On agenda: 9/15/2020 Final action: 9/17/2019
Title: Consider/Discuss/Act on a Resolution Adopting the Fiscal Year 2020-2021 Investment Policy
Attachments: 1. Resolution, 2. FY2021 Investment Policy, 3. Investment Policy 2022 Final

Title

Consider/Discuss/Act on a Resolution Adopting the Fiscal Year 2020-2021 Investment Policy

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

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

 

MEETING DATE:                     September 15, 2020

 

DEPARTMENT:                      Financial Services

 

CONTACT:                       Mark Holloway, Chief Financial Officer

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

•                     Adopt the Fiscal Year 2020-2021 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 proposed 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 2019-2020 was approved by City Council on September 17, 2019.

 

FINANCIAL SUMMARY:  N/A

 

BOARD OR COMMISSION RECOMMENDATION:  N/A