Page 136 - CityofBurlesonFY26Budget

The City, in conjunction with its annual financial audit, will require the audit firm to conduct
a compliance audit of the management controls on investments and adherence to investment
policies.

Also, in conjunction with the annual audit, the quarterly reports shall be formally reviewed
by the City’s independent auditor, and the result of the review shall be reported to the City
Council by that auditor. Said results may be included in the annual audit report.

XI. INVESTMENT POLICY ADOPTION

The City Council shall adopt, by resolution, the Investment Policy. It is the City’s intent to
comply with State laws and regulations. The City’s Investment Policy shall be subject to
revisions consistent with changing laws, regulations, and the needs of the City. Additionally,
the City Council shall adopt a resolution stating that it has reviewed the Investment Policy
(and incorporated strategies) at least annually, approving any changes or modifications.

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