The City of Golden maintains an Investment Advisory Committee that consists of the Mayor or a Councilperson appointed by the Mayor, the City Treasurer, the City Manager, and two financial professionals.
Purpose of Committee
The Investment Advisory Committee reviews and monitors the City’s cash management and investment results, develops and recommends investment policies to the City Council, and assists in the selection of investment facilitators and managers.
Selection of Financial Professionals
The City Treasurer or designee shall solicit volunteers to serve on the Investment Advisory Committee through a public notification process. The City Treasurer shall provide recommendations of appointees to the City Council for final selection. Professionals sought are to be knowledgeable of the financial arena, with experience serving as representatives of banks or trust companies, representatives of primary government bond dealers, private sector cash managers, or finance directors or investment personnel in local governmental entities. Preference shall be given to professionals who live or work within the city limits of Golden.
Terms
The Mayor or the appointed Councilperson shall serve a two-year term beginning in January of each even numbered year. Financial professionals shall be appointed for four-year staggered terms. Reappointment of members shall be considered.
Compensation
Members of the Investment Advisory Committee shall serve without compensation or reimbursement for expenses incurred in attending meetings.
Meetings
The purpose of the Committee is to review and monitor the City’s cash management and investment results, develop and recommend investment policies to the City Council, and assist in the selection of investment facilitators and managers.
The Investment Advisory Committee shall meet at least semi-annually (typically in January and July, during the work day).
