Page 461 - FortWorthFY23AdoptedBudget

Investment Policy and Strategy.

The Investment Officer(s) and Investment Advisor are responsible for creating and
maintaining the portfolios in accordance with this policy, providing timely
quarterly reporting to the City Council, and establishing procedures and controls for
the process and financial counter-parties (brokers, banks, pools). The Investment
Officer(s) and Investment Advisor shall act in accordance with established written
procedures and internal controls for the operation of the investment program
consistent with this Investment Policy and Strategy.

Training
In accordance with the Act, all Investment Officer(s) shall attend ten hours
of training within twelve (12) months after assuming investment duties and
shall attend eight hours of training every two years thereafter, with the first
such two-year period beginning on the first day of the City's fiscal year after
the year in which the Investment Officer takes the initial training. Training
shall be provided by professional organizations authorized in accordance
with state law and designated by the Investment Committee.

Ethics and Disclosures
Officer(s) and employees involved in the investment process shall refrain
from any personal activity that could conflict with the proper execution and
management of the investment program, or that could impair their ability to
make impartial investment decisions. Investment Officer(s) shall refrain
from undertaking any personal investment transactions with the same
individual with whom business is conducted on behalf of the City.

The City Code requires the Chief Financial Officer/Director of Finance to
complete and file a financial disclosure statement with the City Secretary.

In addition, all Investment Officer(s) shall file disclosure statements with the
Texas Ethics Commission and the City Council if:
a. the officer has a personal business relationship with a business
organization offering to engage in an investment transaction with the City
(as defined in Section 2256.005 (i)(1-3) of the Act); or
b. the officer is related within the second degree by affinity or
consanguinity, as determined under Chapter 573 of the Texas Government
Code, to an individual seeking to transact investment business with the
entity.

C. Investment Committee
In adopting this policy, the City Council authorizes the creation of an Investment
Committee to provide guidance to the Investment Officer(s) and Investment

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