PILLAR: Fiscally Sound
AGENDA DATE: October 14, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: City Controller’s Office
PRIORITY: N/A
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SUBJECT
Title
Authorize the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management - Financing: No cost consideration to the City
Body
BACKGROUND
In 1987, the City Council adopted an Investment Policy in accordance with federal and state law and the City Charter. A 1997 amendment to the Public Funds Investment Act (“PFIA”) requires that City Council, not less than annually, adopt a written instrument stating that it has reviewed the Investment Policy and approved any changes thereto.
Investment policies must address the safety of principal, liquidity, yield, diversification, and maturity, with primary emphasis on safety of principal. Beginning in 1997, the City Council annually reviewed the Investment Policy to approve revisions to the Investment Policy to incorporate amendments required by the PFIA, improve management of the City’s investments, and reflect organizational changes.
On July 28, 2025, the City’s Investment Committee, working with the City’s investment advisor, reviewed the performance of the portfolio under the current policy and market conditions. On November 12, 2025, the City Council authorized the adoption of the City’s revised Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 25-1756.
On July 29, 2026, the City’s Investment Committee and the City’s investment advisor, Meeder Public Funds, convened to review the policy which resulted in several recommendations to further align the City’s policy with the Public Funds Investment Act. There were no changes to the PFIA for 2026. City Council approval of this item is required to affirm adoption of the Investment Policy.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On October 13, 2021, the City Council authorized the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 21-1645.
The Government Performance and Financial Management Committee was briefed by memorandum regarding this matter on October 24, 2022. <https://cityofdallas.legistar.com/View.ashx?M=F&ID=11353486&GUID=6DA784E4-0701-4BBE-8D0F-00DC52B3449C>
On October 26, 2022, the City Council authorized the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 22-1598.
The Government Performance and Financial Management Committee was briefed on the “Annual Investment Policy Review” on March 25, 2024.
On April 10, 2024, the City Council authorized the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 24-0549.
The Government Performance and Financial Management Committee was briefed on the “Annual Review of City’s Investment Policy Review” on October 22, 2024.
On November 13, 2024, the City Council authorized the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 24-1619.
The Finance Committee was briefed by memorandum regarding this matter on November 4, 2025. <https://dallascityhall.com/government/citymanager/Documents/Council%20Materials/B.%20Annual%20Review%20of%20Citys%20Public%20Funds%20Investment%20Policy%20Quartley%20Report%203rd.pdf>
On November 12, 2025, the City Council authorized the annual adoption of the City’s Investment Policy and investment strategies regarding funds under the City’s control and management by Resolution No. 25-1756.
The Finance Committee was briefed on the “Annual Review of City’s Investment Policy and Third Quarter Investment Report (FY 2025-26)” on September 22, 2026.
FISCAL INFORMATION
No cost consideration to the City.