The finance director presented the city's investment policy for annual review and adoption. The document discusses the requirements of the Texas Public Funds Investment Act, including the annual review of the investment policy. The investment policy strategies aim to balance safety, minimizing risk, and yield. No changes were proposed to the 2024 investment policy, which was reviewed by several city officials and found compliant with state law.

1. ADMINISTRATION AND
FINANCE
Presented by:
Robert Galindo
Finance Director
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INVESTMENT POLICY
ANNUAL REVIEW AND ADOPTION
ITEM # 7
FEBRUARY 26, 2024

2. BACKGROUND
The Texas Government Code Chapter 2256, known
as the Public Funds Investment Act (PFIA) establishes
requirements for local governments for managing
investments.
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3. BACKGROUND CONTINUED
The Texas PFIA requires the following:
 Review and adoption of the investment policy and
investment strategy annually
 Designate an investment officer
 Disclose personal/business relationships
 Provide policy for written certification
 Obtain annual audit
 Provide for training
 Provide quarterly reports 3

4. INVESTMENT POLICY STRATEGIES
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
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5. INVESTMENT POLICY AMENDMENTS 2024
 No changes to the policy
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6. INVESTMENT POLICY 2024
 The investment policy for the City of Alamo
Heights is in compliance with the Texas
Government Code Chapter 2256, known as the
Public Funds Investment Act (PFIA).
 Reviewed by the Finance Director, City Manager,
City Attorney and Council Member John Savage.
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7. SUMMARY
 Resolution complies with the annual review of the
investment policy and adoption of the investment
policy as required by the Texas Public Funds
Investment Act.
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