title
ESTABLISHMENT AND ADOPTION OF THE
FINANCE POLICIES MANUAL
RESOLUTION NO. 23-32
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ACTION
recommendation
Adopt Resolution No. 23-32, approving NTMWD's Investment Policy and Investment Strategy and authorize the establishment and adoption of the Finance Policies Manual with the following sections:
1 - Fiscal Management Policy (new)
2 - Fund Balance Policy (amended)
3 - Debt Management Policy (amended)
4 - General Investment Policy (amended)
5 - Investment Policy for Retirement Fund
6 - Water Variable Cost Rebate Policy
7 - Procurement Policy
8 - Grant Management Policy
9 - Identity Theft Prevention Policy and
Exhibit A - NTMWD Investment Strategy Statement
Exhibit B - Authorized Investment Training Sources
Exhibit C - Authorized Investment Advisors and Brokers
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PURPOSE
The current Administration and Finance Policies Manual is recommended to be split into separate Administration Policies and Finance Policies Manuals. In the Finance Policies Manual, a Fiscal Management Policy has been added to establish the basic framework for the financial management of the District and the Employee Concession Committee Policy is being converted to an Administrative Directive and will no longer be included in the Manual. Other amendments are recommended to align with best practices, clarify and correct existing language.
The source of the amendments is the language previously found in the original Administration and Finance Policies Manual.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors establish and adopt the Finance Policies Manual and Resolution No. 23-32, approving NTMWD's Investment Policy and Investment Strategy; and a statement documenting that the policy was reviewed by the Board in compliance with the Public Funds Investment Act.
Strategic Objective:
Objective: 2.1: Efficient Business Practices, and 2.3; Rigorous Financial Management
This item was reviewed with the Finance Committee on August 9, 2...
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