Body
Department of Finance
Reference:
To: Mayor Richard N. McLean and Members of City Council
Through: Manuel Esquibel, City Manager
Prepared By: Dan Frelund, Finance Manager
Date Prepared: December 9, 2014
PURPOSE
The purpose of the investment policies adopted herein is to establish the City of Brighton's official policy regarding the scope of the investment policies, the objectives of the policies, the delegation of authority in regards to making investment decisions, what the City Council considers to be appropriate standards and recommended practices as established by the Government Finance Officers Association, ethics and conflict of interest, what are suitable and authorized investments, and the parameters for those investments.
BACKGROUND
The investment policies of the City of Brighton were last revised with the adoption of Resolution 2010-08 on 1/05/2010 and the City Council finds that it is necessary to revise said investment policies and to adopt new policies as set forth in this Resolution to reflect current investment practices of the City of Brighton; and amendments to the Colorado Revised Statutes §§24-75-701, et seq.
STAFF RECOMMENDATION
Staff recommends the resolution be approved as presented.
OPTIONS FOR COUNCIL CONSIDERATION
1. Approve the City of Brighton Investment Policies
2. Amend the City of Brighton Investment Policies
3. Not approve the City of Brighton Investment Policies
ATTACHMENTS