09-09-21-8.5 - Resolution - 09/09/2021RESOLUTION NO. 09-09-21-8.5
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, APPROVING THE CITY’S INVESTMENT POLICY; THE CITY’S
INVESTMENT STRATEGY; REVIEWING AND RECORDING CHANGES TO SUCH
POLICY AND STRATEGY; APPROVING A COLLATERAL POLICY; AND
DESIGNATING INVESTMENT OFFICERS FOR FISCAL YEAR ENDING SEPTEMBER
30, 2022; AND CONTAINING OTHER PROVISIONS RELATED TO THE SUBJECT
MATTER.
WHEREAS, it is a paramount goal of the City of College Station, Texas (“City”) to ensure the
financial integrity of the City and to meet all legal requirements associated with the safekeeping
and investing of its funds; and
WHEREAS, in accordance with the Public Funds Investment Act, Chapter 2256, Texas
Government Code, the City council must adopt an investment policy and investment strategies;
and
WHEREAS, Section 2256.005, Texas Government Code requires the City Council to review the
investment policies and investment strategies not less than annually and to adopt a resolution or
order stating the review has been completed and recording any changes made to either the
investment policies or investment strategies; and
WHEREAS, the Investment Policy for Fiscal Year 2022 designates the Assistant City Manager
or his Designee(s) as the Investment Officer of the City and authorizes the Investment Officer to
carry out the responsibilities of investing the City’s funds; and
WHEREAS, the Investment Policy for Fiscal Year 2022 contains the City’s Collateral Policy
which is required pursuant to Chapter 2257, Texas Government Code; now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the facts and recitations set forth in the preamble of this Resolution are hereby
declared true and correct.
PART 2: That the City Council hereby approves the City’s Investment Policy, the City’s
Collateral Policy, the City’s Broker/Dealer List and the City’s Investment Strategy
for Fiscal year 2022, all of which is attached hereto as Exhibit “A” and made a part
hereof.
PART 3: That the City Council hereby approves the Other Post Employment Benefits (OPEB)
Funding Policy which is attached hereto as Exhibit “B” and made a part hereof.
PART 4: That the City Council of the City has completed its review of the investment policy
and investment strategies, and any changes made to either the investment policy or
investment strategy are recorded in Exhibit “C” hereto.
PART 5: That the City Council hereby approves the designation of the Assistant City
Manager or his Designee(s) as the Investment Officer of the City and authorizes the
Investment Officer to carry out the responsibilities of investing the City’s funds
consistent with the City’s Investment Policy.
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PART 6: That this Resolution shall take effect immediately from and after its passage.
ADOPTED this 9th day of September, A.D. 2021.
ATTEST: APPROVED:
_____________________________ _____________________________
City Secretary Mayor
APPROVED:
_______________________________
City Attorney
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EXHIBIT “A”
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EXHIBIT “B”
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EXHIBIT “C”
RECORDED CHANGES TO INVESTMENT POLICY
OR INVESTMENT STRATEGIES
The following changes to the Investment Policy or Investment Strategies are as set forth
below:
1. Adding the OPEB funding policy as Exhibit B to the Investment Policy.