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E.
New Business  
City Council Meeting
Finance  
Meeting Date:
08/26/2019
Investment Policy Update
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
08/20/2019
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
2019-R-6791
Agenda Item Description or Legislation Title
A Resolution Establishing An Investment Policy For The City Of Huber Heights, Ohio.
(first reading)
Purpose and Background
Each municipality in Ohio is required by Ohio Revised Code Chapter 135 to adopt an investment policy and file such policy in the office of the Auditor of State. It is the recommendation of City Staff to update the City of Huber Heights Investment Policy to reflect changes to ORC Chapter 135 and allow for all permissible investment options authorized by the State of Ohio. Updating the City investment policy was one of the goals for the Finance Department in the 2018 Strategic Plan.
Fiscal Impact
Source of Funds:
N/A
Cost:
$0.00
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
Attachments
Resolution
Exhibit A
2019-R-6791
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