(9)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/17/2025
- Title:
- Take Action: Investment Policy
- Submitted For:
- Cynthia Rushing
- Submitted By:
- Cynthia Rushing, 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 City has partnered with Hilltop Securities Investment Advisory team to optimize the investment strategy and the first deliverable was to update the investment policy.
Changes:
The City has partnered with Hilltop Securities Investment Advisory team to optimize the investment strategy and the first deliverable was to update the investment policy.
Changes:
- Change the reference of Council to Commission to align with the City’s Governance Structure
- Change to comply with the 2019 changes in the Texas Public Funds Investment Act (TPFIA)
- The updated Investment Policy has been recognized by the Government Treasurers’ Organization of Texas as to meeting all the requirements of the TFPIA. First time receiving this certification!
RECOMMENDATION
The CFO recommends approval of the city's investment policy.
Fiscal Impact
- Funds Available Y/N:
- Amount Requested:
- Source of Funds:
- Account #:
Fiscal Impact:
NONE