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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />O 1 /04/ 10 <br />Council Date: <br />Finance <br />Gene Anderson <br />9. <br />O1/11/l0 <br />RECOMMENDED MOTION: <br />Move to approve the City of Paris investment policy, as presented. <br />POLICY ISSUE(S): <br />Fiscal Management; Required by statute <br />Chapter 2256 of the Texas Government Code, commonly known as the "Public Funds Investment Act," <br />requires every city to adopt an investment policy. Once adopted, the City Council must annually review <br />and readopt the policy even if no changes are made to the policy. The attached policy put forth for <br />approval is virtually identical to the policy adopted in 2009. The changes made were the listing of a new <br />fund and the correction of typographical errors. <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Resolution <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation ❑ Ordinance <br />yTD Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration ❑ City Clerk ❑ Community Development ❑ EMS/IT 0 Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Libraty ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />37 <br />