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<br /> <br /> <br /> CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br /> <br /> Submittal Date: Originating Department: Presented By: Agenda Item No.: <br /> 01/03/2011 <br /> Council Date: Finance Gene Anderson 8. <br /> 01/10/2011 <br /> RECOMMENDED MOTION: <br /> Move to approve a Resolution affirming that the City of Paris has complied with requirements of the Public <br /> Funds Investment Act and amending the City's Investment Policy. <br /> POLICY ISSUE(S): <br /> Fiscal Management <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 2010. The changes made were the listing of a new <br /> funds and the correction of typographical errors. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> BOARD/COMMISSION RECOMMENDATION: <br /> NONE <br /> <br /> EXHIBITS: <br /> Resolution and Investment Policy. <br /> ACTION: BUDGET INFO: <br /> ❑ Financial Report ❑ Minute Order Expense $NA <br /> ❑ Department Report ® Resolution Budgeted Amt. $NA <br /> ❑ Presentation ❑ Ordinance YTD Actual $NA <br /> ❑ Public Hearing ❑ Other Acct. Name NA <br /> Acct. Number NA <br /> <br /> FISCAL NOTES: <br /> None <br /> REVIEWED AND APPROVED BY: <br /> <br /> ® Administration ® City Clerk ❑ Community Development ❑ EMS/IT ® Finance ❑ Fire <br /> ❑ Municipal Court ® Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br /> <br /> <br /> <br /> <br /> City of Paris 33 Revised 2/04/08 <br />