Title
Review of the Quarterly Investment Report for the quarter ending March 31, 2017.
Summary
The Public Funds Investment Act (PFIA), as outlined in Chapter 2256 of the Texas Government Code, requires the City Council to review the quarterly investment reports prepared by the Finance Department. The PFIA further requires annual City Council review of the City's Investment Policy, which was last reviewed on August 23, 2016.
Deadline for City Council Action
There is no deadline for action.
Fiscal Impact
There is no fiscal impact as a result of this action.
Staff Recommendation
Approving this item indicates Council review of the investment reports, fulfilling the requirement of the Public Funds Investment Act.
Drafter
Lauri Gillam
Assistant City Manager