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Financial accounting investments

Financial accounting investments. 4.010. Objectives. Discuss and Summarize the Basic Elements of Investment Policies of Counties Discuss the Investment Reports Discuss the 1995 Modifications to the Public Funds Investment Act Discuss Investment Strategies.

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Financial accounting investments

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  1. Financial accounting investments 4.010

  2. Objectives • Discuss and Summarize the Basic Elements of Investment Policies of Counties • Discuss the Investment Reports • Discuss the 1995 Modifications to the Public Funds Investment Act • Discuss Investment Strategies

  3. Basic Investment Policy for Counties • Legal Requirements • Government Code, Chapter 2256 • Local Government Code, Chapter 116 • Elements • Written • List Authorized Investments

  4. Basic Investment Policy for Counties • Elements • Investment Strategy • Safety of Investments • Liquidity and Availability • Yield • Investment Training

  5. Basic Investment Policy for Counties • Elements • Designation of Investment’s Officers • Brokers Affidavit • Investment Training • 12 Months • Components

  6. Basic Investment Policy for Counties • Elements • Security and Internal Controls

  7. Investment Reports • Legal Requirements • Public Funds Investment Act • Quarterly Reports • Investment Position • Summary • Book Market • Maturity Dates • Compliance

  8. Investment Reports • Legal Requirements • Operational Need • Planning • Financial Condition • Authorized Investments

  9. 1995 Modifications To Act • Investment Related • Maximum Allowable • Restricting • Credit Union • Reverse Purchase Agreements • Money Market Mutual Funds

  10. 1995 Modifications To Act • Investment Related • County’s Monthly Average • Investment Pools • Pools

  11. 1995 Modifications To Act • Procedure Related • Investment Strategy • Suitability • Safety • Liquidity • Marketability • Diversification • Yield

  12. 1995 Modifications To Act • Procedure Related • Annual Review • Personal Business Relation • Registered Principal • Review • Reasonable Controls • Written Statement • Annual Audit • Required Training

  13. Investment Strategy • Objectives • Required Elements • Written Strategies • Operating Funds and Commingled Funds • Debt Service Funds

  14. Investment Strategy • Written Strategies • Operating Funds and Commingled Funds • Debt Service Funds • Debt Service Reserve Funds • Special Project or Special Purpose Funds

  15. References • Linda Patterson • 38th Annual County Judges and Commissioners’ Conference

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