08-05-14-Resolution-Adopting Investment Policy-08/04/2014RESOLUTION 1FR0845-14
A RESOLUTION ADOPTING THE CITY OF SANGER INVESTMENT
POLICY.
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the "Public
Funds Investment Act," requires the City to review its investment policy and investment strategies not
Less than annually; and
WHEREAS, the Public Funds Investment Act requires the governing body to adopt a written
instrument by rule, order, ordinance, or resolution stating that is has reviewed the investment policy and
investment strategies and that the written instrument shall record any changes made to either the
investment policy or investment strategies; and
WHEREAS, the attached City of Sanger Investment Policy is in compliance with the Public
Funds Investment Act and requires no changes to either the investment policy or investment strategies.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Sanger;
That the City of Sanger has complied with the requirements of the Public Funds Investment Act
and the City Council has reviewed the investment policy and investment strategies and there are no
changes to either the investment polic y or investment strategies.
PASSED AND APPROVED this `7 y'-day of August 2014.
ATTEST:
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