HomeMy WebLinkAboutItem 23 - Investment Policy Review7jIT.JuTro-11ne 111111K
FROM: BRUNO RUMBELOW, CITY MANAGER ► l
MEETING DATE: OCTOBER 15, 2013
SUBJECT: INVESTMENT POLICY REVIEW
RECOMMENDATION:
City Council to consider a motion to approve the City Investment Policy pursuant to the
provisions of the Public Funds Investment Act, Chapter 2256, Texas Government Code.
BACKGROUND:
Chapter 2256 of the Texas Government Code, the Public Funds Investment Act,
requires an annual City Council review of the City's Investment Policy. The Council
initially adopted the policy in 1997 and has amended it several times.
This agenda item has been provided to allow Council the opportunity for statutory
compliance with Chapter 2256 of the Texas Government Code.
Staff recommends the policy to be approved.
10/4/2013 (11:08 :07 AM)