Res 10-092
Res 10-092
CITY COMMISSION AGENDA
- Meeting Date:
- 09/15/2010
- Title:
- Consider approval of the City of Texas City’s Investment Policy.
- Submitted For:
- Laura Boyd, Finance
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider approval of the City of Texas City’s Investment Policy.
BACKGROUND
In 1995, the City adopted an Investment Policy to comply with the Texas Public Funds Investment Act (TPFIA). The City of Texas City’s Investment Policy mandates how City funds are to be managed and invested. The Investment Policy was updated and approved in 2009. The Policy requires annual review and approval by the City Commission.
No changes have been made to the policy.