Laserfiche WebLink
REQUEST FOR FISCAL AFFAIRS COMMITTEE AGENDA ITEMREQUEST FOR FISCAL AFFAIRS COMMITTEE AGENDA ITEM <br />November 14, 2016November 14, 2016AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />N/AN/A <br />Shelley Wolny, TreasurerShelley Wolny, TreasurerSource of Funds:Source of Funds: <br />Requested By:Requested By: <br />   <br />FinanceFinanceAccount Number:Account Number: <br />Department: <br />   <br />Report:Resolution:Resolution:Ordinance:Ordinance:Amount Budgeted:Amount Budgeted: <br />   <br />Amount Requested:Amount Requested: <br />Exhibits: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />1.Investment PolicyInvestment 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 /> outlines s funds and outlines <br />administrative and legal guidelines for the Investment Officers to follow for the preservation of capital.  The Public administrative and legal guidelines for the Investment Officers <br /> to follow for the preservation of capital.  The Public <br />Funds Investment Act requires that a City must present the Investment Policy to Council annually for review or Funds Investment Act requires that a City must present the Investment Policy <br /> to Council annually for review or <br />amendment.  The policy was last reviewed in October 2015. amendment.  The policy was last reviewed in October 2015.  <br />No changes to the policy are recommended at this time.No changes to the policy are recommended at this time. <br />Action Required by the Fiscal Affairs Committee:Action Required by the Fiscal Affairs Committee: <br />Receive/review the City of La Porte Investment Policy.Receive/review the City of La Porte Investment Policy. <br />Approved for Fiscal Affairs Committee AgendaApproved for Fiscal Affairs Committee Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />