Background/Discussion
The City's Investment Policy was last revised in August 2016. Following review of the policy, corrections and revisions were made to the policy requiring that it be adopted in its revised form.
The revised policy primarily outlines an increase in the amount of deposits held in any financial institution or designated custodial agency to $30 million per institution. Other changes were made as seen fit.
A "redline" copy of the proposed policy is included, showing the changes recommended in the policy along with a clean, final copy of the proposed revised policy.