Texas Government Code - Section 2256.005 (e) requires annual re-adoption of the City's Investment Policy. The City Council previously re-adopted the Investment Policy at the September 22, 2020, City Council meeting.
Current investment officers for the city are the Chief Financial Officer; the Assistant Chief Financial Officer; Strategic Services Auditor; Chief Accountant; and Senior Accountant. The investment officers are required to attend state mandated training once every two years. Training will be required in FY2022.
The City is required to annually review the investment policy and make revisions as needed. The investment policy is now being presented to City Council for re-adoption to reflect the following revisions: