TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 15, 2018
COMMITTEE ON FINANCE
Mr. John P. Murray, Acting Executive Director
Title
Revised Investment Policy for the Metropolitan Water Reclamation District of Greater Chicago dated as of November 15, 2018
Body
Dear Sir:
Attached for the Board’s consideration and adoption is the revised Investment Policy for the Metropolitan Water Reclamation District of Greater Chicago.
The revised Policy institutes recommendations from Treasury staff in response to a recent change to the Public Funds Investment Act (30 ILCS 235) adding a Corporate Note investment option to authorized investments, adding additional interest bearing investment options with Local Government Investment Pools, updating for a change to GASB 72 to define the method to calculate market value for investments in the District financial statements, and various clerical updates.
A summary of changes is attached.
It is recommended that the revised Investment Policy be adopted by the Board of Commissioners as the official Investment Policy of the District for the management and investment of District funds.
Requested, Mary Ann Boyle, Treasurer, MAB:st
Respectfully Submitted, Frank Avila, Chairman Committee on Finance
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for November 15, 2018
Attachments