HomeMy WebLinkAbout033099 RES - 07/18/2023Resolution reaffirming the City of Corpus Christi's Investment Policy and
Investment Strategies for fiscal year 2023-2024.
WHEREAS, the City of Corpus Christi's Investment Policy and Investment Strategies
were first adopted pursuant to Resolution No. 022390 on October 24, 1995;
WHEREAS, the Texas Public Funds Investment Act requires the governing body to
annually review, amend as necessary, and reaffirm its investment policy and investment
strategies;
WHEREAS, the Investment Policy and Investment Strategies were previously reviewed
and reaffirmed for fiscal year 2022-23 pursuant to Resolution No. 032821 on July 26, 2022; and
WHEREAS, the Investment Policy and Investment Strategies were reviewed for fiscal
year 2023-24 by the Investment Committee on May 10, 2023, and recommended for approval
with an updated reissuance date for reaffirmation by the City Council.
Be it resolved by the City Council of the City of Corpus Christi, Texas:
Section 1. The City Council has reviewed the City of Corpus Christi's Investment Policy and
Investment Strategies for fiscal year 2023-24. A copy of the Investment Policy, which contains
the separate Investment Strategies for fiscal year 2023-24, is incorporated by reference into
this resolution as if set out here in its entirety.
Section 2. With an updated issuance date that coincides with the date this resolution is
passed, the City Council approves the City of Corpus Christi's Investment Policy and Investment
Strategies for fiscal year 2023-2024, appoints the investment officers as named and authorized
in the Investment Policy and Investment Strategies, and reaffirms the continuation of the policy
and strategies in full force and effect.
PASSED AND APPROVED on the )c01" day of l , 2023.
Paulette Guajardo
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
ATTEST:
Jim Klein
Mike Pusley
Everett Roy
Dan Suckley
Ay(
TY OF CORPUS CHRISTI
ebecca Huerta Paulette Guajardo
City Secretary Mayor
033099
SCANNED