Page 123 - CityofBurlesonFY26Budget

CITY OF BURLESON

INVESTMENT POLICIES

I. POLICY

It is the policy of the City of Burleson, Texas (the “City”) that after allowing for the anticipated
cash flow requirements of the City and giving due consideration to the safety and risk of the
investment, all available funds shall be invested in conformance with these legal and
administrative guidelines, seeking to optimize interest earnings to the maximum extent
possible.

Effective cash management is recognized as essential to good fiscal management. Investment
interest is a source of revenue to the City’s funds. The City’s investment portfolio shall be
designed and managed in a manner to optimize this revenue source, to be responsive to
public trust, and to be in compliance with legal requirements and limitations.

Investments shall be made with the primary objectives of:

 Safety and preservation of principal,
 Maintenance of sufficient liquidity to meet operating needs,
 Public trust from prudent investment activities, and
 Optimization of interest earnings (yield) on the portfolio.

II. PURPOSE

The purpose of this Investment Policy is to comply with Government Code Chapter 2256,
Public Funds Investment Act (the “PFIA”) which requires each city to adopt a written
investment policy regarding the investment of its funds and funds under its control. This
Investment Policy addresses the methods, procedures and practices that must be exercised
to ensure effective and judicious fiscal management of the City’s funds.

III. SCOPE

This Investment Policy shall govern the investment of all financial assets of the City and the
Burleson Community Service Development Corporation (Type B), Economic Development
Corporation (Type A), and Tax Increment Financing (TIF). These funds are accounted for in
the City’s Annual Financial Report and include:

 General Fund
 Special Revenue Funds
 Debt Service Funds
 Capital Project Funds
 Enterprise Funds

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