HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 5- 4 06t g
Date: 6/20/2005
Commission Meeting Date: 7/28/2005
Requesting Department: Finance
District Impacted: None
Type: ® Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Amending the Investment Policy
Purpose of Item:
It is respectfully recommended that the City commission adopt the attached resolution amending the
Investment Policy. The attached amendment was approved by the Finance Committee on July 19,
2005, This resolution further directs the City Manager to implement the amended Investment Policy.
Background Information:
In 2001 Resolution #01-448 established an Investment Policy guidelines, limitations, and conditions
for the investment of the assets of public funds available to units of local governments pursuant to the
State of Florida's investment of public funds act {218.415, Florida Statutes (200)}. It is also created a
Finance Committee to review and make recommendation to amend said policy as needed. On July
19t", 2005 the Finance Committee amended the Investment policy as submitted.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving; capital funds
Grants Risk Manageme
Purchasing vept. Director
Chi City Manager
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