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INVESTMENT POLICY
ANNUAL REVIEW and ADOPTION
Presented By: Robert Galindo
Finance Director
Item # 5
City Council Meeting
February 22, 2016
1
BACKGROUND
The Texas Government Code Chapter 2256,
known as the Public Funds Investment Act,
PFIA, establishes requirements for local
governments for managing investments.
2
3
BACKGROUND cont’d
The Texas PFIA requires the following:
• Write a policy
• Review and adopt the investment policy annually
• Designate an investment officer
• Disclose personal/business relationships
• Provide policy for written certification
• Obtain annual audit
• Provide for training
• Provide quarterly reports
4
BACKGROUND
The investment policy for the City of Alamo
Heights is in compliance with the Texas
Government Code Chapter 2256, known as
Public Funds Investment Act (PFIA).
5
INVESTMENT POLICY REVISIONS
• Changes highlighted in yellow and
• In compliance with the PFIA
6
FISCAL IMPACT
The investment policy includes strategies to:
• Provide safety of principal
• Minimize risk to the City’s portfolio
• Put money to work
• Add yield but not risk to the portfolio
SUMMARY
Resolution acknowledges the annual
review of the investment policy and
adoption of the investment policy as
required by the Texas Public Funds
Investment Act.
7
QUESTIONS?
8

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AH City Council Meeting 02.22.16 - Item #5 - Investment Policy 2016

  • 1. INVESTMENT POLICY ANNUAL REVIEW and ADOPTION Presented By: Robert Galindo Finance Director Item # 5 City Council Meeting February 22, 2016 1
  • 2. BACKGROUND The Texas Government Code Chapter 2256, known as the Public Funds Investment Act, PFIA, establishes requirements for local governments for managing investments. 2
  • 3. 3 BACKGROUND cont’d The Texas PFIA requires the following: • Write a policy • Review and adopt the investment policy annually • Designate an investment officer • Disclose personal/business relationships • Provide policy for written certification • Obtain annual audit • Provide for training • Provide quarterly reports
  • 4. 4 BACKGROUND The investment policy for the City of Alamo Heights is in compliance with the Texas Government Code Chapter 2256, known as Public Funds Investment Act (PFIA).
  • 5. 5 INVESTMENT POLICY REVISIONS • Changes highlighted in yellow and • In compliance with the PFIA
  • 6. 6 FISCAL IMPACT The investment policy includes strategies to: • Provide safety of principal • Minimize risk to the City’s portfolio • Put money to work • Add yield but not risk to the portfolio
  • 7. SUMMARY Resolution acknowledges the annual review of the investment policy and adoption of the investment policy as required by the Texas Public Funds Investment Act. 7