Res 13-079
Res 13-079
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/21/2022
- Title:
- Consider approval of the City of Texas City’s Investment Policy.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST
Consider approval of the City of Texas City Investment Policy.
BACKGROUND (Brief Summary)
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 Policy requires annual review and approval by the City Commission. The last amendment to the policy was in 2017.
No changes to the policy this year.
RECOMMENDATION
Recommend approval of the city's investment policy.