Page 225 - Colleyville FY19 Budget

CITY OF COLLEYVILLE INVESTMENT POLICY

Policy

It is the policy of the City of Colleyville (the City) to invest public funds in a
manner consistent with the Public Funds Investment Act, Chapter
2256, Texas Government Code (the “Act”) which places priority in the
following order: preservation and safety of principal; liquidity; and
yield.

Governing Body

All investment and cash management activities shall be conducted in full
compliance with applicable City ordinances as well as state and federal rules
and regulations.

Specific statutory regulations for the investment of public funds in Texas are
found in the Act. All investments will be made in accordance with this statute.
Collateral requirements are established in Texas by the Public Funds Collateral
Act, Chapter 2257, Texas Government Code, for all public Texas funds
deposits.

Scope

This investment policy applies to all financial assets of the City. These funds
are accounted for in the City's Comprehensive Annual Financial Report and
include:

• General Fund
• Special Revenue Funds
• Capital Projects Funds
• Enterprise Funds
• Debt Service Funds, including reserves and sinking funds
• Trust and Agency Funds, to the extent not required by law or
existing contract to be kept segregated and managed separately

and any new fund created by the City Council, unless specifically exempted by
the City Council or by law. All funds may be combined as pooled funds unless
specifically prohibited by State law or statute or City ordinance.

Objectives

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