HomeMy Public PortalAboutResolution No. 294-07 02-27-2007 RESOLUTION N0.294-07
• A RESOLUTION APPROVING A CITY OF RICHLAND HILLS
INVESTMENT POLICY
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the
"Public Funds Investment Act," required the city to adopt an investment policy by rule,
order, ordinance, or resolution; and
WHEREAS, the Public Funds Investment Act requires the treasurer; the chief financial
officer, if not the treasurer; and the investment officer of the city to attend investment
training; and
WHEREAS, the City of Richland Hills approves of the investment training courses
sponsored or endorsed by the Government Finance Officers Association of Texas, the
Government Treasurers Organization of Texas, the Texas Municipal League, and the
North Central Texas Council of Governments; and
WHEREAS, the treasurer; the chief financial officer, if not the treasurer; and the
investment officer have attended an investment training sponsored by the North Central
Texas Council of Governments and the Government Finance Officers Association of
Texas, as required by the Public Funds Investment Act; and
WHEREAS, The City Council has reviewed the attached investment policy and the
• City's investment strategies, as required by law; and
WHEREAS, the attached investment policy and incorporated revision comply with the
Public Funds Investment Act, as amended, and authorize the investment of city funds in
safe and prudent investments.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richland
Hills:
That the City of Richland Hills has complied with the requirements of the Public
Funds Investment Act, as amended, and the attac a investment policy is hereby
adopted as the investment policy of the city effective , 2007. The
following changes to the investment policy and investments s ategies were made:
none.
PASSED, A OPTED AND APPRO E by the City Council of the City of Richland Hills
this the ~„~day of , 2007.
AP O ED: Attest:
~
a yor ity Secretary