Page 343 - FY 2025 Adopted Operating Budget and Business Plan

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FINANCIAL POLICIES (CONTINUED)
3. As an additional independent confirmation of the quality of the City’s procurement practices, the City will annually seek to
obtain the Achievement of Excellence in Procurement Award from the National Procurement Institute.

In Compliance: Yes Comments: Submitted for FY 2023.

4. As an additional independent confirmation of the quality of the City’s Investment Policy, the City will seek to obtain the
Certificate of Distinction from the Government Treasurers’ Organization of Texas.

In Compliance: Yes Comments: Currently the City’s Cash and Debt Administrator has joined the GTOT Board which
reviews Investment Policies statewide. Once off the Board, the city will return to obtaining this
certification.

Adopted by City Council on September 17, 2024.

FY 2025 Adopted Budget and Business Plan 334 City of Arlington, Texas