Page 471 - FortWorthFY23AdoptedBudget

XVI. Investment Policy Adoption

The Investment Policy and Strategy shall be reviewed and adopted by the City
Council at least annually. The adopting instrument shall identify any changes made
to the policy.

Policy Reviewed and Approved:

Date M&C Reference Comments
February 5, 2013 G-17801 Restated and Revised Policy Adopted
December 3, 2013 G-18067 Policy Approved – No Changes
May 5, 2015 G-18466 Policy Approved – No Changes
September 15, 2015 G-18552 Training requirements revised to reflect amended state
law
April 19, 2016 G-18720 Short-Term / Long-Term; WAM; investment duration;
defining yield
January 24, 2017 G-18922 Amended investment types and minor technical
corrections
September 26, 2017 G-19116 Amended Section VIII, subsection Security Broker/Dealers
September 11, 2018 G-19361 Training requirements revised to reflect amended state
law; Ethics and Disclosures by Investments Officers revised
to clarify and strengthen policy; added new Section IX.
Existing Investments; Authorized Investments subsection
13. Investment Pools revised to clarify policy; Re-
numbered existing Sections IX to XVI due to addition of
new Section IX. Existing Investments
September 10, 2019 19-0144 Amended Authorized Investments, Subsection 4,
Commercial Paper maximum maturity changed from 270
days to 365 days
September 22, 2020 20-0686 Amended Section V. Strategies, first and second
papagraphs;
Amended Section VII. Responsibility and Delegation of
Authority, Subsection B. Investment Officer(s), second
paragraph updated wording;
Amended Section XV. Reporting, Benchmarks; Changed
Short-Term Portfolio benchmark from the two-year
Treasury Note to ICE BoAML 0-5 year US Treasury Index
and changed the Long-Term Portfolio benchmark from
seven-year Treasury Note to ICE BoAML 0-10 year US
Treasury Index;
Corrected typos and spelling errors
August 24, 2021 21-0593 Amended Section XIII. Internal Controls
Strategies/Monitoring Credit Ratings, clarified options
available if an investment’s credit rating falls below
minimum rating requirements

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