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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: Originating Department: Presented By: Agenda Item No.: <br />12/20/20l 1 <br />Council Date: Finance Gene Anderson 15. <br />O 1 /09/2012 <br />RECOMMENDED MOTION: <br />Move to approve a Resolution affirming that the City of Paris has complied with requirements of the Public Funds <br />Investment Act and amendin the Ci '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 2011. The only changes made were the listing of <br />a or delisting of funds as needed. <br />BOARD/COMMISSION RECOMMENDATION: <br />NONE <br />EXHIBITS: <br />Resolution and Investment Policy. <br />A <br />TION: <br />BUDGET INFO: <br />Financial Report ❑ Minute Order <br />Expense <br />$NA <br />Department Report ~ Resolution <br />Budgeted Amt. <br />$NA <br />Presentation ❑ Ordinance <br />y''D Actual <br />$NA <br />Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />C <br />❑ <br />❑ <br />❑ <br />❑ <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />~ Administration E City Clerk ❑ Community Development ❑ EMS/IT E Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Libraty ❑ Police ❑ Eng./Public Wotks ❑ Utilities <br />City of Paris 9~ Revised 2/04/08 <br />J <br />