City of Kansas City
Home Services Residents Business Visitors CityOfficials
    
I Want To...
 
 
 
 
 
 
 
 
 
 
 
City Departments
 
 
KCMO Logo

FOR IMMEDIATE RELEASE: Oct. 17, 2002
CONTACT: Randy Landes, Finance Department, (816) 513-1019

City’s investment policy certified by public treasurers

The City has been formally recognized for having its written investment policy certified by the Association of Public Treasurers of the United States and Canada. Earlier this year, the City’s policy was reviewed and certified as meeting the standards set forth by the association at the association’s 37th annual conference in Vancouver, British Columbia.

More than 300 governments have had their policies certified by the association since its investment policy certification program was developed in 1990. The City of Kansas City, Mo., is the only government in the State of Missouri to have its investment policy certified by the association this year.

The program was instituted in an effort to assist state and local governments interested in drafting or improving upon an existing investment policy. As part of the program, the association created a model investment policy. The model includes sample language and rationale for those 18 sections that the association deems as critical elements included in the model. Those elements are: liquidity; selection and review of suitable investment instruments; internal controls; reporting; portfolio diversification; custody and safekeeping; selection of investment institution criteria; ethics; and conflicts of interest.

-- A written investment policy is only certified when the association’s investment policy review team acknowledges the policy has met all criteria set forth in the program. Of the policies received each year for review, only two-thirds of the policies that are reviewed are accepted on their first submission. Those whose policies are not initially approved are encouraged to amend their policies and resubmit them for certification.

For more information or a copy of the model investment policy and application, call the Association of Public Treasurers of the United States and Canada, (202) 737-0660, or visit the association’s Web site, http://www.mtausc.org.

    
News Archives
 

 
 
Contact Us |  Sitemap  | Legal Notice  | Privacy ©2013 City of Kansas City, Missouri. All Rights Reserved
  French  German  Italian  Portuguese  Spanish  Russian  Dutch  Greek  Japanese  Korean  Chinese  Taiwanese  Swahili