Page 127 - CityofBurlesonFY26Budget

 The investment of all funds, or funds under the City’s control, over which the
Investment Officer(s) had responsibility rather than a consideration as to the
prudence of a single investment, and
 Whether the investment decision was consistent with the written approved
Investment Policy of the City.

Indemnification

An Investment Officer(s), acting in accordance with written procedures and exercising due
diligence, shall not be held personally responsible for a specific investment’s credit risk or
market price changes, provided that these deviations are reported in a timely manner and
the appropriate action is taken to control adverse developments.

Ethics and Conflicts of Interest

Investment Officer(s) and employees involved in the investment process shall refrain from
personal business activity that would conflict with the proper execution and management of
the investment program, or that would impair their ability to make impartial decisions.
Investment Officer(s) and employees shall disclose any personal material interests in financial
institutions with which the City conducts business. They shall further disclose any personal
financial/investment positions that could be related to the performance of the investment
portfolio. Investment Officer(s) and employees shall refrain from undertaking personal
investment transactions with the same individual with which business is conducted on behalf
of the City.

An Investment Officer(s) who has a personal business relationship with an organization
seeking to sell an investment to the City shall file a statement disclosing that personal
business interest. An Investment Officer(s) who is related within the second degree by affinity
or consanguinity to an individual seeking to sell an investment to the City shall file a statement
disclosing that relationship. A statement required under this subsection must be filed with
the Texas Ethics Commission and the City Council.

Investment Committee

The Finance Committee shall function as the City’s designated Investment Committee to
oversee the implementation of investment strategies and other cash and investment
management-related activities, approve Independent Training Sources, and authorize
Broker/Dealers. The Committee shall meet at such times as necessary or requested by the
Investment Officer(s).

VI. SUITABLE AND AUTHORIZED INVESTMENTS

Portfolio Management

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