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Commission updates investment policy to align with state law, broadens committee and removes risky instruments
Summary
The commission unanimously approved Resolution 206‑25 to amend and restate the city's investment policy, aligning titles with the CFO, updating required statutory language, adjusting permitted instruments, and expanding the investment committee from five to six members.
The City Commission on May 27 unanimously adopted Resolution 206‑25 to amend and restate the city’s investment policy.
Britta Souffrant, the city’s chief financial officer, described the changes as an administrative update to align the policy with current staff titles and state law, refine permitted investments and reporting, and expand the…
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