The city's investment policy was last revised in October 2008. There hasn't been significant outside regulatory changes since that time. However, it is still beneficial to review and make sure policies are relevant on regular basis. In addition, having current financial management policies in place will be beneficial in achieving an increase in the city's bond rating. 

Staff utilized best practice policy recommendations from both the Government Finance Officers Association (GFOA) and the Office of the State Auditor (OSA) in developing the revised investment policy. In addition, there was discussion and review with our investment manager to ensure the policy fits with the city's investment objectives.