Title
Approving the Pflugerville Community Development Corporation (PCDC) FY20 Fund Reserve and Budget Policy and Public Funds Investment Policy.
Summary
The PCDC Board met on October 23, 2019 and unanimously approved the updated Fund Reserve and Budget Policy and the Public Funds Investment Policy for the Pflugerville Community Development Corporation. The policy was initially reviewed by the City Finance Department on September 24, 2019 with recommendations for the PCDC to consider. PCDC attorney and staff reviewed the recommendations and forwarded a final draft to the PCDC Board for consideration at their regular meeting on October 23, 2019. The PCDC Board reviewed and unanimously approved all changes for Resolution 2019-009.
Prior City Council Action
The City Council has approved all previous financial policy resolutions as part of the PCDC Annual Budget approval process.
Deadline for City Council Action
Consideration is requested for the November 12, 2019 Regular Council Meeting.
Funding Expected: Revenue __ Expenditure __ N/A X
Budgeted Item: Yes __ No __ N/A X
Amount: ________
1295 Form Required? Yes __ No X
Legal Review Required: The PCDC Attorney has reviewed.
Supporting documents attached:
PCDC Resolution No. 2019-009 approving the PCDC FY20 Fund Reserve and Budget Policy and Public Funds Investment Policy.
Recommended Action
The PCDC Board and staff recommend approval of the PCDC FY20 Fund Reserve and Budget Policy and Public Funds Investment Policy.