Page 36 - CityofColleyvilleFY23AdoptedBudget

USE OF BOND FUNDS: Any and all bond funds approved by a vote of the citizens of Colleyville will be expended only for
the purposes stated in the bond issue.

CERTIFICATES OF OBLIGATION: All certi cates of obligation issued by the City shall be approved by ordinance and issued
in accordance with the laws of the State of Texas.

CITY OF COLLEYVILLE INVESTMENT POLICY Policy (last adopted 12/2021)

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 ow 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 nancial 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 speci cally exempted by the City Council or by law. All
funds may be combined as pooled funds unless speci cally 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

City of Colleyville | Budget Book 2023 Page 36