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Council reviews investment and credit‑card policy updates; consent approval adopted
Summary
Staff presented updates to the city—s investment policy and administrative credit‑card (p‑card) policy to align with state law, add annual reviews and modernize controls; council approved the updated policies on consent.
Des Moines finance staff on July 10 reviewed proposed revisions to the investment policy and city credit‑card policy designed to bring council policy into alignment with state law and modern practice; both updates were adopted on the consent calendar.
Why it matters: The investment policy was last codified in 1995, and staff said updates are needed to incorporate state reporting…
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