The Finance Committee held a meeting on April 14, 2017.  The Committee reviewed the City’s Investment Policy, Debt Management Policy, and Interest Rate Risk Management Products (Derivatives) Policy.  The three policies are required to be reviewed annually and ratified by City Council.  The Committee recommended minor changes to the Investment Policy and Interest Rate Risk Management Products (Derivatives) Policy.  The Finance Committee recommends amending the Debt Management Policy to reduce the maximum variable rate debt percentage from 40% to 30% of total outstanding debt, and to adjust the variable rate debt goal from 25-35% to 15-25% of total outstanding debt.  No other substantive changes are recommended.

Accept the meeting minutes and ratify the Investment Policy, Debt Management Policy, and Interest Rate Risk Management Products (Derivatives) Policy, as amended.