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17-2940 Amending Investment Policy
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17-2940 Amending Investment Policy
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8/3/2017 10:19:59 AM
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5/15/2017 8:53:07 AM
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City Clerk
City Clerk - Doc Type
Resolutions
City Clerk - Date
1/9/2017
Doc Number
17-2940
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maturity or liquidation, such monies shall be reinvested only as provided by this <br />policy. <br />2. Continuing Education - Chapter 281.415 (14) Florida Statutes states that the <br />investment policy shall provide for the local government's officials responsible for <br />making investment decisions. The Finance Director or designee responsible for <br />making investment decisions shall annually complete 8 hours of continuing education <br />in subjects or courses of study related to investment practices and products. <br />3. Indemnification — The Finance Director and other employees authorized to invest <br />City funds shall be personally indemnified in the event of investment loss provided <br />investments are made in full compliance with these policies. <br />4. Amendments - This policy shall be reviewed on an annual basis. Any changes must <br />be approved by the City Commission. <br />10 <br />
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