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City staff outlines cybersecurity grant participation and tweaks to investment policy
Summary
Hoover staff reported acceptance into the Alabama State and Local Cybersecurity Grant Program (technical services via Auburn University's McCreary Institute and no direct grant dollars) and proposed an investment policy update to change committee membership rules and reflect the use of an external investment advisor.
Ms. Lopez told the council the city had been accepted into the Alabama State and Local Cybersecurity Grant Program and that the award would deliver one-time services (rather than direct cash) to improve the city's cybersecurity readiness; she said the city had a McCreary Institute representative present for questions.
Separately, Ms. Lopez presented an update to the city's investment policy (resolution 876526) that removes specific council positions from the investment committee roster and instead gives the council president flexibility to appoint three council members to the committee while maintaining the mayor and city administrator as members. She noted Raymond James is the city's current investment advisor and staff plans a broader revamp of the policy in April'June.
Council asked only limited questions in the work session and staff indicated further review and a fuller presentation would follow.
