City Of Fort Worth: City Receives Investment Policy Certification Award

Dallas TX

28 May, 2021

3:57 PM

Description

Press release from City of Fort Worth: May 28, 2021 The City of Fort Worth has been awarded another Certificate of Distinction for its investment policy by the Government Treasurers' Organization of Texas. The organization sponsors an Investment Policy Certification Program designed to provide assistance to local governments in developing policies that fully comply with the Texas Public Funds Investment Act and to recognize outstanding examples of written investment policies. A Certificate of Distinction is awarded for those policies that meet established criteria, including requirements relating to ethics disclosures, conflicts of interest, investment training, suitable and authorized investments, and annual reviews by the governing body, as well as diversification and investment strategies. "We are honored to receive this recognition," said Reginald Zeno, chief financial officer. "The city's Treasury team, led by City Treasurer John Samford and Treasury Supervisor Jay Rutledge, works tirelessly to ensure full compliance with the policy goals of safety of principal, liquidity and yield, in that order." The city has received this award since 2016. The latest certificate is valid for a two-year period through 2023.     Get articles like this in your inbox. Subscribe to City News.   This press release was produced by City of Fort Worth. The views expressed here are the author's own.