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Committee recommends small edits to city investment policy, including CAFR name change
Summary
City staff told the Financial Review Committee the annual investment policy review found no exceptions; auditors recommended renaming the CAFR to ACFR and adding the finance manager as an authorized approver. The committee voted to forward the edits to city council for consideration.
City staff told the Financial Review Committee on Oct. 25 that the city’s annual investment policy review found no exceptions but included several recommended edits and clarifications.
Staff said the city is adjusting the review schedule so an updated investment policy will take effect Jan. 1. The auditors recommended renaming the comprehensive annual financial report…
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