Item 4DResolution 07-053 Annual Review of Investment Policy and Strategies
September 18, 2007
Purpose of Review
Public Funds Investment Act Section 2256
Requires the governing body review its policy and strategies annually (last review June 2006)
Resolution No. 07-053
City staff and financial advisor have reviewed the investment policy against the Public Funds Investment Act and have not identified any necessary changes to the investment policy.
Investment Strategy
Operating funds
First objective is to assure that anticipated cash flows are matched with adequate investment liquidity.
Second objective is to create a portfolio structure which will experience minimal volatility during economic cycles.
Investment Strategy
Debt service funds
Primary objective the assurance of investment liquidity adequate to cover the debt service obligation on the required payment date.
Investment Strategy
Special projects, special purpose, or construction fund
Primary objective the assurance that anticipated cash flows are matched with adequate investment liquidity.
Investment Authority
The Finance Director and Deputy Director-Administration are designated as Investment Officer(s) of the City and are responsible for investment decisions and activities.
City staff involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, which could impair the
ability to make impartial investment decisions
Investment Objectives
Safety
Liquidity
Yield
Public Trust
QUESTIONS? Please contact Sharen Jackson 817.748.8042