HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 06-0111)5
Date: 5/31/06 Requesting Department: Finance
Commission Meeting Date: 7/13/6 District Impacted: None
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Establishing a Master Swap Policy
Purpose of Item:
It is respectfully recommended that the City Commission adopt the resolution with attached Master
Swap Policy submitted. The Attached Master Swap Policy was approved by the Finance Committee
on June 6, 2006. The resolution further directs the City Manager to implement the Master Swap
Policy.
Background Information:
This Resolution establishes the City of Miami's Swap Policy guidelines, limitations. and conditions
for the City's Outstanding and Furture Debt Issuance . The Master Swap Policy adaptes some of the
best business practice that are recommended by the Government Finance Officers Association . These
pratices set objectives that would limit the City to the types of swap to those that have the least
amount of risk . On June 6th 2006 the Finance Committee approved the Master Swap 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 Management
Pur�cha ing �y� Dept. Director
City Manager
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