Recognize the Finance Department for receiving the Investment Policy Certificate of Distinction Award from the Government Treasurers’ Organization of Texas (GTOT).

Staff Report & Agenda Item Details

We are pleased to share that the City of Friendswood has earned its 6th consecutive Investment Policy Certificate of Distinction Award from the Government Treasurers’ Organization of Texas! The award is earned by the City’s Investment Policy meeting GTOT’s Investment Policy Review established standards for prudent public investing and the requirements of the Public Funds Investment Act. The certification is for a two-year period and is valid through August 31, 2028. Thank you, Rhonda Bloskas and the outstanding Finance Team. We would also like to thank the Investment Committee, including Robert Bozka, Allan Rasmussen and Cynthia Bowman, for their annual review of the City’s Investment Policy, and City Council annual review and approval of the Policy.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.7/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.