City of San Antonio - File #: 15-4735

• File #: 15-4735
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 9/17/2015
• Posting Language: An Ordinance approving an Investment Policy and Strategy for the City of San Antonio, Texas, in accordance with the requirements of the Texas Public Funds Investment Act (the “Act”), as amended, for City Council to annually review and approve the City’s Investment Policy and Strategy; designating certain employees as Investment Officers for the City of San Antonio; and providing an effective date. [Ben Gorzell, Jr., Chief Financial Officer, Troy Elliott, Director of Finance]

Date	Ver.	Action By	Action	Result
9/17/2015	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City-wide


SUBJECT:

Investment Policy and Strategy for the City of San Antonio


SUMMARY:

This Ordinance approves an Investment Policy and Strategy for the City of San Antonio, Texas, in accordance with the requirements of the Texas Public Funds Investment Act (the "Act"), as amended, for City Council to annually review and approve the City's Investment Policy; designates certain employees as Investment Officers for the City of San Antonio; and provides an effective date.


BACKGROUND INFORMATION:

The purpose of the City of San Antonio, Texas ("the City") Investment Policy (the "Investment Policy") is to provide a framework for the prudent and efficient investment of City funds, with the objectives of satisfying cash flow requirements, preservation and safety of principal, liquidity and diversification, maximize yield, and proactive portfolio management. The Investment Policy designates the following employees as Investment Officers for the City of San Antonio: Chief Financial Officer, Director of Finance, Assistant Director of Finance - Financial Services, and the following individuals from the Financial Management Division: Financial Management Administrator, Financial Manager, Banking Officer, and Investment Officers. The Investment Policy also designates the composition of the City's Investment Committee. The Investment Committee is comprised of two representatives from the City Council, three representatives from the City Manager's Office including the Chief Financial Officer, Director of Finance, Director of the Office of Management and Budget, Assistant Director of Finance - Financial Services, and the following individuals from the Financial Management Division: Financial Management Administrator, Financial Manager, Banking Officer, and Investment Officers.

The Act requires an annual review of the Investment Policy by City Council. The T...