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REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br /> <br />Agenda Date Requested: October 22, 2018 Appropriation <br />Requested By: Shelley Wolny, Treasurer____Source of Funds: ____________________ <br />Department: Finance_____________________ Account Number:____________________ <br />Amount Budgeted: ___________________ <br />Report: __ _ Resolution: _ Ordinance: _ _ <br />Amount Requested: __________________ <br />Exhibits: _ Investment Policy __ ___ __ <br /> Budgeted Item: YES NO <br />Exhibits: _ _____________ <br />Exhibits: ______________________ _________ <br />SUMMARY & RECOMMENDATION <br />The City Council of the City of La Porte originally adopted an Investment Policy on January 13, 1992, by <br />Ordinance No. 1802. The Investment Policy governs how the City will invest the City’s funds and outlines <br />administrative and legal guidelines for the Investment Officers to follow for the preservation of capital. <br />The Public Funds 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, 2017. <br /> <br />On September 24, 2018, the Finance Department presented the Investment Policy to the Fiscal Affairs <br />Committee for review. No changes to the actual policy are recommended at this time. <br />Action Required by Council: <br />Recommend that the Council receive and review the City of La Porte Investment Policy. <br />Approved for City Council Agenda <br />____________________________________ _______________________ <br />Corby D. Alexander, City Manager Date <br /> <br /> <br />