Item Coversheet

CITY OF HOUSTON - CITY COUNCIL

Meeting Date: 11/27/2018
ALL
Item Creation Date: 11/5/2018

FIN City of Houston Investment Policy

Agenda Item#: 20.


 
                               
Summary:

RESOLUTION approving the investment policy for the City of Houston, Texas

Background:

The Texas Public Funds Investment Act and the City Investment Policy requires that City Council review the City's Investment Policy not less than annually and shall evidence by resolution that it has conducted such review.  The last action was December 12, 2017.

 

The Controller's Office is requesting that Council approve a Resolution adopting the Investment Policy for the City of Houston.  The Policy has been reviewed and approved by the City's Investment Committee (see below) at their meeting on October 25, 2018.  There are no proposed changes to the policy.

 

Investment Committee Members

 

Charis Brown               Chairman

Charisse Mosely          Deputy City Controller

Han Au                         Deputy Director

Tantri Emo                   Director/Chief Business Officer

Melissa Dubowski        Assistant Director

Drew Masterson          Private Sector Appointee, Masterson Advisors

Ron Stapleton              Private Sector Appointee, Partners Advisors

Suresh Raghavan        Private Sector Appointee, MBR Financial

Prior Council Action:
12/18/12 Res 2012-44; 11/13/2013 Res 2013-52; 11/12/2014 Res 2014-45; 11/10/2015 Res 2015-40; 11/30/16 Res 2016-45; and 12/12/17 Res 2017-35
Contact Information:

Charisse Mosely     832-393-3529

Han Au                    832-393-3524

ATTACHMENTS:
DescriptionType
RCA (coversheet)Signed Cover sheet