Page 228 - Colleyville FY19 Budget

Investment officers shall notify the City Council in writing of any conflicts of
interest, as defined by the Act, no later than the next regularly scheduled
Council meeting.

It is the policy of the City that the Investment Officers perform their duties in
accordance with the policies and procedures set forth in this policy. The
Investment Officers of the City shall be personally indemnified in the event of
investment loss provided the Investment Policy is followed.

Internal Controls

The Investment officers shall establish a system of written internal controls
which shall be reviewed annually by the independent auditor. The controls
shall be designed to prevent the loss of public funds due to fraud, error,
misrepresentation, unanticipated market changes or imprudent actions.

Permissible Instruments

The Act lists all possible authorized investments available to Texas public
entities. The City shall invest only in those investments authorized below as
such investments are further defined by the Act. If this policy provides for a
lower stated maximum maturity or other more restrictive condition on an
authorized investment that more restrictive requirement controls. If changes
are made to the Act to allow for additional possible authorized investments,
such investments will not be authorized by the City until this policy is
modified and adopted by the City Council.

1. Obligations of the United States or its agencies or instrumentalities;

2. Direct obligations of the State of Texas or its agencies;

3. Other obligations, the principal of and interest on which are
unconditionally guaranteed or insured by the State of Texas or the
United States or its agencies or instrumentalities;

4. Obligations of states, agencies, counties, cities, and other political
subdivisions of any state having been rated as to investment quality by
nationally recognized investment rating firm and having received a
rating of not less than "A" or its equivalent;
5. Certificates of deposit issued by state and national depository

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