Page 290 - Colleyville FY21 Budget

investment position of the City as of the end of the quarter indicating the
market values of all investments held during the quarter. The report shall list
for each investment held during the quarter: the purchase price of the
investment, the par value of the investment, the market value of the
investment at the beginning of the quarter, market value of the investment at
the end of the quarter, and fully accrued interest for the period. The portfolio
shall be marked to market monthly and market pricing information is to be
obtained through the use of appropriate external third party software, third
party safekeeping service, or a third party independent pricing service. This
report shall be in compliance with provisions of the Public Funds Investment
Act, as amended. The report shall be signed by the Chief Financial Officer and
Accounting Manager, as the investment officers for the City, and state its
compliance with the Public Funds Investment Act and adopted investment
policy strategy. The quarterly investment reports must be reviewed annually
by the City’s external audit firm as a part of the City’s annual audit and
reported to the City Council.

Training Requirements

In accordance with the Act (2256.005 and 2256.008), the Chief Financial
Officer and Accounting Manager shall attend 10 hours of investment training
within 12 months of assuming duties and 8 hours not less than once in a two-
year period that begins on the first day of the City’s fiscal year and consists
of the two consecutive fiscal years after that date. Both the Chief Financial
Officer and Accounting Manager shall complete ten hours of training every two
years as required by the Public Funds Investment Act. This training may be
obtained from the following sources: North Central Texas Council of
Governments, Government Treasurer's Organization of Texas, Government
Finance Officer's of Texas, Texas Municipal League or the University of North
Texas Center for Professional Development. The training must include
education in investment controls, security risks, strategy risks, market risks,
and any other topics as required by the Public Funds Investment Act.

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