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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM <br />October 12, 2015October 12, 2015AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />Source of Funds:Source of Funds: <br />Shelley WolnyShelley Wolny <br />Requested By:Requested By: <br />Account Number:Account Number: <br />FinanceFinance <br />Department:Department: <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />Amount Requested:Amount Requested: <br />Other: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />AttachmentsAttachments : : <br />1. Resolution Resolution <br />2. Investment Policy Investment Policy <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />The City Council of the City of La Porte originally adopted an Investment Policy on January 13, 1992, by The City Council of the City of La Porte originally adopted an Investment Policy <br /> on January 13, 1992, by <br />Ordinance No. 1802.  The Investment Policy governs how the City will invest the CityOrdinance No. 1802.  The Investment Policy governs how the City will invest the City’’s funds and <br /> s funds and <br />outlines administrative and legal guidelines for the Investment Officers to follow for the preservation of outlines administrative and legal guidelines for the Investment Officers to <br /> follow for the preservation of <br />capital.  The Public Funds Investment Act requires that a City must present the Investment Policy to capital.  The Public Funds Investment Act requires that a City must present the Investment <br /> Policy to <br />Council annually for review or amendment.  The policy was last amended on November 11, 2014. Council annually for review or amendment.  The policy was last amended on November 11, 2014.  <br /> <br />On September 28, 2015, the Finance Department presented the Investment Policy to the Fiscal Affairs On September 28, 2015, the Finance Department presented the Investment Policy to the <br /> Fiscal Affairs <br />Committee for review.  No changes to the policy are recommended at this time. Committee for review.  No changes to the policy are recommended at this time.  <br />  <br />Action Required of Council:Action Required of Council: <br />Consider approval or other action of a Resolution reaffirming the CityConsider approval or other action of a Resolution reaffirming the City’’s Investment Policy.s Investment Policy. <br /> <br />Approved for City Council AgendaApproved for City Council Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />