CITY COUNCIL AGENDA ITEM
Memo Date: January 12, 2019
Agenda Date: January 22, 2020
Prepared By: Rebecca Bowman, MBA, CGFO, CGFM, Finance Director
Through: Rebecca Bowman, MBA, CGFO, CGFM, Finance Director
Requested Action:
title
Informational Annual Investment Report for FY2019
End
body
BACKGROUND:
In accordance with Florida Statutes Sec. 218.415, investment activity by a unit of local government must be consistent with a written investment plan adopted by the governing body. The City adopted its Investment Policy on July 27, 2010. Section XV. Reporting/Article B. Annual Investment Report of the City’s investment Policy states that:
On an annual basis, the City’s Investment Manager shall submit to the City’s Finance Director, City Council and Investment Committee (as applicable) a written report on the long-term core investment funds.
The City’s Investment Manager, Public Trust Advisors, will provide the City Council with a brief presentation to report the City’s investment status as of the fiscal year-ended September 30, 2019.
STRATEGIC PLAN CONNECTION:
Goal 2: Promote greater transparency in budgeting and financial matters.
BUDGETARY IMPACT:
Budgeted N/A
If not budgeted, is amendment/transfer attached? Choose an item.
Amount Requested $
Account Number _
Account Name _
Source of Funds: ____State Revolving Loan
____ Other Loan Source:_
____ Grant Source:_
____ Bond:_
____ Reserves Source:_
____ Transfer Acct #:_
If a P.O. Change Order is involved please complete the following:
Change Order Amount $_
Original Purchase Order _
Original P.O. Amount _$
For this Agenda Item note Prior Change Order Information:
Total number of change orders to date _
Total amount in change orders to date _$
PREVIOUS ACTION:
The last investment presentation to City Council was on July 24, 2019.
RECOMMENDED MOTION:
Recommendation
N/A