R629RESOLUTION NO. 629
A RESOLUTION ADOPTING AN AMENDED CITY OF KENNEDALE
INVESTMENT POLICY
WHEREAS, on September 13, 2001, City Council adopted the document entitled,
"Investment Policy," a framework that provides the guidelines by which the City of Kennedale will
maintain the minimum amount of cash in its bank accounts to meet daily needs, and to provide protection
for its principal and liquidity while receiving the highest yield possible from investing all temporary
excess cash; and
WHEREAS, this serves to satisfy the statutory requirements of defining and adopting a formal
investment policy and is authorized by the Public Funds Investment Act as amended; and
WHEREAS, the City Council has reviewed the City's Investment Policy.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF KENNEDALE, TEXAS:
The City Council of the City of Kennedale, Texas hereby approves the amended Investment
Policy dated December 19, 2023, attached hereto as "Exhibit A."
PASSED, ADOPTED AND APPROVED by the City Council of the City of Kennedale,
Texas, this the 19th day of December, 2023.
APPROVED:
ATTEST:
t Secretary Ra