2010-051RESOLUTION NO. 10-051 OFFICIAL RECORD
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, REVIEW OF INVESTMENT
POLICY AND INVESTMENT STRATGIES.
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 2010, as attached to this
resolution. The Investment Policy amends and supersedes the Investment Policy adopted by the
City on September 2009.
Section 2. This resolution shall be effective immediately upon adoption.
PASSED AND APPROVED this 218t• day of n .2010.
ATTEST:
L-
LoriPayne V
City Secretary
M1WDFQ.ES\RES99INV.DOC
CITY OF SOUTHLAKE, TEXAS
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