Posting Language
Title
Approve a resolution adopting the City of Austin Fiscal Year 2025-2026 Investment Policy. Funding: This item has no fiscal impact.
Body
Lead Department
Austin Financial Services Department
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
October 10, 2024 - Council approved Resolution No. 20241010-006 adopting the City of Austin Fiscal Year 2024-2025 Investment Policy.
For More Information:
Belinda Weaver, Treasurer (512) 974-7885.
Additional Backup Information:
The Public Funds Investment Act (PFIA), Chapter 2256 of the Texas Government Code, is the state law that governs the investment of public funds. In Section 2256.005(e), the PFIA requires governmental bodies to adopt an investment policy on an annual basis to serve as the guideline for the investment of public funds.
The PFIA provides the legal parameters for the City of Austin’s investments, which are further narrowed by adoption of specific investment policies by the Austin City Council.
At this time, staff does not propose changes to the existing City of Austin Investment Policy document.