Laserfiche WebLink
REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:December 13, 2021 <br />Requested By:Shelley Wolny, Asst. Director Source of Funds:N/A <br />Department:Finance <br />Account Number:N/A <br />Amount Budgeted:N/A <br />ReportResolutionOrdinance <br />Amount Requested:N/A <br />Exhibits:Resolution, Investment Policy <br />Budgeted Item:YesNo <br />SUMMARY& RECOMMENDATION <br />The City of La Porte City Council originally adopted an Investment Policy on January <br />13, 1992, by Ordinance No. 1802. The Investment Policy governs how the City will <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 December14, <br />2020. <br />The Finance Department presented the Investment Policy to the Fiscal Affairs <br />Committee for reviewon November 8, 2021. Staff is recommending minor wording <br />adjustments to terminologywith the Public Funds Investment Act. <br />ACTION REQUIRED BY CITY COUNCIL <br />ApproveResolution 2021-69adopting an investment policy confirming to all <br />of limitation, the Public Funds Investment Act. <br />Approved for the City Council meeting agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />