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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:March 22, 2021 <br />N/A <br />Source of Funds: <br />Requested By:Shelley Wolny, Asst. Director <br />Department:Finance <br />N/A <br />Account Number: <br />N/A <br />Amount Budgeted: <br />ReportResolutionOrdinance <br />Amount Requested:N/A <br />Exhibits:Resolutions and Forms <br />Budgeted Item:YesNo <br />SUMMARY& RECOMMENDATION <br />The Public Funds Investment Act (PFIA) requires that governing bodies designate by rule, <br />order, ordinance, or resolution, as appropriate, one or more officers or employees of the <br />entity to be responsible for the investment of its funds consistent with the investment policy <br />adopted by the entity. <br />Currently, the City of La Porte recognizes the Finance Director, Assistant Director of <br />Finance, and Controller as Investment Officers. <br />Controller and changes to the structuring of Finance, the City needsto amend the <br />authorizing representatives to include only the Finance Director and Assistant Finance <br />Director. Therefore, staff recommends City Council approve the Resolution to Amend <br />Authorized Representatives required by TexPool, LOGIC and TexSTAR, the required <br />forms for Texas Class are includedtoo. <br />ACTION REQUIRED BY CITY COUNCIL <br />Approve Resolutions amending the Authorized Investment Representatives for <br />the City of La Porte. <br />Approved for the City Council meeting agenda <br /> <br />