TO: Mayor and Commission AGENDA DATE: 1/20/2026
FROM: City Manager AGENDA ITEM: 7 - D
SUBJECT:
Title
Request for approval of Resolution No. 2025-153, Investment Policy.
Body
LOCATION:
Citywide
COST:
Not Applicable
SOURCE OF FUNDS:
Not Applicable
ORIGINATING DEPARTMENT:
Finance
POTENTIAL MOTION:
Recommendation
"I move to approve Resolution No. 2025-153, Investment Policy."
END
BACKGROUND:
Background
The purpose of the Investment Policy is to set forth the investment objectives and parameters for the management of the funds of the City of Deltona. This policy is designed to ensure the prudent management of public funds, the availability of operating and capital funds when needed, and an investment return competitive with comparable funds and financial market indices. This policy complies with Section 218.415, Florida Statutes, and applies to all cash and investments held or controlled by the City, except for the City's Pension Funds and funds related to the issuance of debt where there are other existing policies or indentures in effect.
In addition, this policy focused on compliance with Florida State Statutes that govern the investment of public funds, as well as on inclusion of current best practices as recommended by the Government Finance Officers Association (GFOA) and the Association of Public Treasurers of the United States and Canada (APT US&C). Controls and safeguards that have historically been in place remain. Recommendations were designed to improve and increase the clarity of the policy. As such, the Operating investment policy has been broken out from the Deferred Compensation Plans investment policy, and both now stand on their own. This also incorporates comments provided by the Commission on December 15, 2025.
The revisions presented in this policy have been fully reviewed and recommended for approval by Chandler Asset Management, LLC. They are the city's investment advisors related to the city's inves...
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