Res 13-079
Res 13-079
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 08/17/2016
- 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 (Brief Summary)
Consider approval of the City of Texas City 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 Policy requires annual review and approval by the City Commission.
Some changes were made and approved in September 2015. No changes have been made in 2016