HomeMy WebLinkAboutResolution 2008-003RESOLUTION NO. 2008-003
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS:
1.
The City of North Richland Hills acknowledges the high priority of providing the
necessary guardianship of public funds in the municipal sector.
The City Council expressly intends to set high fiscal standards, delegate treasury
and investment duties to appropriate officials, and to review the actual performance at
regular intervals.
The City Council hereby intends to implement investment requirements set forth
in Tex. Rev. Civ. Stat. Ann., Art. 4413 (34c) and 2256.
2.
The City Council has reviewed and hereby adopts the City of North Richland
Hills' Investment Policy January 14, 2008, including all revisions and changes required
under state law or recommended by City staff. This Investment Policy replaces the
investment policy dated May 22, 2006.
The City Council has also reviewed and approved the City of North Richland
Hills' Investment Strategy document, as prepared by the City's Investment Committee.
PASSED AND APPROVED this the 14th day of January, 2008.
CITY F ORTH C LA . S
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~~N LgNO By:
~~r rl ~< ar Trevino, Mayor
EST:r {,, N
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P~~`~ ity Secretary
APPR E FORM ND LEGALITY:
George A. Staples, Cit Attorney
APPROVED AS TO CONTENT:
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Larry Koo e, irector of Finance