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Committee approves Investment Policy and recommends CIP to full Council and State
Summary
The Finance & Budget Committee approved the citys Investment Policy (Resolution No. 2025-909) and recommended the Capital Improvement Plan to the full Council for approval and submission to the State.
City Manager Dr. Brenda Fettrow reviewed the citys Investment Policy and referenced "Resolution No. 2025-909" while summarizing three primary elements of the policy. Councilman Duane A. Daski moved to approve the Investment Policy and the committee voted 4-0 to adopt it.
Dr. Fettrow then introduced the annual Capital Improvement Plan and said that, once approved by the Council, the Plan will be submitted to the State. Councilman Dr. R. Shaun Ferguson moved to recommend approval of the CIP and forward it to the State; the committee approved the recommendation 4-0. The committee recorded both actions in the meeting minutes and forwarded them to the full Council for formal adoption and state submission.
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