19-034RESOLUTION NO. 19-034
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, REVIEW OF INVESTMENT
POLICY AND INVESTMENT STRATEGIES.
WHEREAS, Section 2256.005 (e) of the Public Funds Investment Act (the
"Act") directs the governing body of an investing entity to review its investment policy and
investment strategies not less than annually; and
WHEREAS, the City of Southlake's financial advisor has reviewed the
investment policy against recent changes to the Act and has not identified any necessary changes
to the investment policy; and
WHEREAS, there are not any recommended changes to the investment policy.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SOUTHLAKE, TEXAS:
Section 1. The City Council of Southlake has reviewed the Investment Policy and
investment strategies and hereby adopts the Investment Policy dated September 2019, as
attached to this resolution. The Investment Policy amends and supersedes the Investment Policy
adopted by the City in September 2018.
Section 2. This resolution shall be effective immediately upon adoption.
PASSED AND APPROVED this day of 5;o km ber , 2019.
CITY OF SOUTHLAKE, TEXAS
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ATTEST:
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Amy ey
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City Secretary
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aura ill
Mayor