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January 2026 ........... . ........ . . ..... .. ............ Authority to manage the City' s investment program is derived from the City' s charter and reconfirmed by adoption of this policy by the City Council. Management responsibility for the i.SAP".1P-V—Wf'-1f2Y hed-tt�-kc-4,irect*r of Finance who shall be resvonsible for all llnlraml Ira 11016111k,111" nis area ?FYVF77i7c-cTsTTP may be developed by the Finance Director as needed. Through the adoption of this policy, the positions of Finance Director and Assistant Finance Director shall be designated as investment officers who are authorized to execute investment transactions on behalf of the City. The investment officer shall attend at least one 10 -hour training session relating to the officer's responsibility under the Act within 12 months of assuming duties and complete at least 8 hours of training every two years thereafter. Such training shall be provided by any independent source outside the City including professional organizations, institutes of higher leaming or sponsors other than business organizations with whom the City may engage in investment transactions. The training, must include education in investment controls, securitly risks, market risks, diversification of portfolio and compliance with the Act. TIMN�� Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Employees and investment officials shall disclose to the City Manager any material financial interests in financial institutions that conduct business within this Jurisdiction, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the City, particularly with regard to the time of purchases and sales. The investment officer must file a disclosure statement with the Texas Ethics Commission and the governing body if the officer has a personal business relationship (as defined in 2256.005 (i) (I - 3) I -3) with a business organization offering to engage in an investment transaction with the City. A disclosure statement must also be filed by the investment officer if the investment officer is related within the second degree by affinity or consanguinity as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the entity. 7.0 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS The Investment Officer will maintain a list of financial institutions authorized to provide investment services. No public deposit shall be made except in a qualified public depository as established by state law. All financial institutions and broker/dealers who desire to become qualified bidders for investment transactions must supply the Investment Officer with the following: audited financial statement, proof of National Association of Security Dealers certification, trading resolution, proof of state registration, completed broker/dealer questionnaire if requested, and certification of having received and reviewed entity' s investment policy. 0