Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
North Miami CRA adopts updated investment policy, raises local-pool limit to 75%
Summary
The North Miami CRA approved an updated investment policy that raises the cap on local government investment pools to 75%, aligns the policy with Florida statute updates from 2023 and GFOA/APT best practices, and requires registered advisers for outsourced management.
The North Miami Community Redevelopment Agency on April 22 adopted an updated investment policy that increases the allowable limit for local government investment pools to 75% and incorporates changes required by recent state law.
The policy, prepared by consultant Dani (Danessa) Metz of PFMAM and based on the city of North Miami’s investment policy, was presented to the CRA board and approved by motion 5-0. Metz said the policy uses a three-pronged framework — Florida Statutes, the Association of Public Treasurers of the U.S. and Canada (APT-USNC) model guidance, and Government Finance Officers Association (GFOA) best…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
