Page 278 - Colleyville FY21 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 which will provide the highest investment return with the maximum
security while meeting the daily cash flow demands of the entity and
conforming to all State of Texas laws and statutes including the Public Funds
Investment Act, Chapter 2256 of the Government Code and City ordinances.

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

The primary objectives, in priority order, of the City’s investment activities
shall be:

Safety: Safety of principal is the foremost objective of the City in managing
its portfolio. Investments of the City shall be undertaken in a manner that
seeks to ensure the preservation of capital in the overall portfolio. To attain
this objective the City will diversify its investments by investing funds among

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