Page 315 - City of Colleyville FY22 Adopted Budget

The quarterly investment reports must be reviewed annually by the
independent auditor, as a part of the City’s annual audit, and the result of the
review shall be reported to the City Council by that auditor.

Training Requirements

The City shall provide investment training as required by PFIA to ensure the
quality and capability of investment management.

In accordance with PFIA, the Investment Officers shall accumulate 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.

This training may be obtained from the following sources: North Central Texas
Council of Governments, Government Treasurers’ Organization of Texas,
Government Finance Officers Association 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 PFIA.

Annual Review
Annually, the City Council shall formally review the Investment Policy and
investment strategy contained with the Policy, and record in writing that it has
reviewed the Policy and adopted any changes to either the Policy or strategy.

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