Page 135 - CityofBurlesonFY26Budget

 The agreement must be approved by the Board of Directors or designated
committee of the Depository and a copy of the meeting minutes must be delivered
to the City; and
 The agreement must be part of the Depository’s “official record” continuously
since its execution.

Collateral Defined

Acceptable forms of collateral are limited to those authorized in the Public Funds Collateral
Act.

Subject to Audit

All collateral shall be subject to inspection and audit by the City or the City’s independent
auditors.

X. REPORTING

Methods

Each quarter, the Investment Officer(s) shall prepare and submit to the City Council a written
report of all investment transactions. The investment report will be prepared in a manner
that will allow the City to ascertain whether investment activities during the reporting period
have conformed to the Investment Policy. The report will be provided to the City Council and
include the following:

 A listing of individual investments held at the end of the reporting period,
 Unrealized gains or losses resulting from appreciation or depreciation, by listing
the beginning and ending book and market value of investments for the period,
 Additions and changes to the market value during the period,
 Average weighted yield to maturity of the portfolio,
 Listing of investment by maturity date,
 Fully accrued interest for the reporting period,
 The percentage of the total portfolio that each type of investment represents, and
 Statement of compliance of the City’s investment portfolio with State law and the
Investment Policy (and incorporated Strategy) approved by the City Council.

This report must be prepared and signed by the Investment Officer(s) of the City.

In conjunction with the quarterly investment report, the Investment Officer(s) will verify from
reliable sources market value of all securities and the current credit rating for each held
investment that has a PFIA-required minimum rating.

Compliance Audits

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