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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:December 14, 2020 <br />Source of Funds:N/A <br />Requested By:Shelley Wolny, Treasurer <br />Department:Finance <br />Account Number:N/A <br />Amount Budgeted:N/A <br />ReportResolutionOrdinance <br />Amount Requested:N/A <br />Exhibits:ResolutionandInvestment Policy <br />Budgeted Item:YesNo <br />SUMMARY& RECOMMENDATION <br />The City Council of the City of La Porte originally adopted an Investment Policy on <br />January 13, 1992, by Ordinance No. 1802. The Investment Policy governs how the <br />Investment Officers to follow for the preservation of capital. The Public Funds <br />Investment Act requires that a City must present the Investment Policy to Council <br />annually for review or amendment. The policy was last amended on November 13, <br />2017. <br />The Finance Department presented the Investment Policy to the Fiscal Affairs <br />Committee for review. The only change that staff is recommending to the policy is to <br />change the training requirements to 8 (eight) hoursevery two years. This adjustment <br />ACTION REQUIRED BY CITY COUNCIL <br />Approveor deny Resolution 2020-34 amendingthe Investment Policy. <br />Approved for the City Council meeting agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />