Item 6B
Resolution 11-041, Annual Review of Investment policy and Investment Strategies
Propose of Review
Public Funds Investment Act Section 2256
Requires the governing body to review its policy and strategies annually (last review September 2010)
Resolution 11-041
Policy reviewed against the Public Funds Investment Act
Identified no 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: to ensure adequate investment liquidity to cover the debt service obligation on the required payment date.
Investment Strategy
Special projects, special purpose, or construction fund
Primary objective: to ensure anticipated cash flows are matched with adequate investment liquidity.
Investment Authority
Investment Officer(s) of the City are responsible for investment decisions and activities.
Director of Finance
Deputy Director-Administration
City staff involved in the investment process shall refrain from personal business activity.
Investment Objectives
Safety
Liquidity
Yield
Public Trust
QUESTIONS? Sharen Jackson 817-748-8042