The City Commission approved Resolution 2025-21 to update the municipal investment policy and allow the city to use all eligible Florida local government investment pools (LGIPs) as authorized investments.

Finance Director Lori Erwin told the commission the change is driven by the statutory priorities for municipal investments—safety first, liquidity second and return last—and would let the city place short-term funds in any eligible Florida LGIP rather than limiting the portfolio to a single pool. Erwin said there are six eligible LGIPs and that the pools provide professional oversight and high liquidity that can accommodate overnight or weekly investments. She noted the city has projects that will require liquidity and that the LGIPs can be preferable to the longer-term Treasury maturities the city also uses.

Erwin described portfolio mechanics and current practice (short-term investments such as 30-day placements to manage ad-valorem tax cash-flow cycles) and provided sample short-term yields for comparison. Commissioners asked questions about leaving funds in the pools and about timing; Erwin said investments can be kept longer but yields vary with duration.

The commission moved, seconded and adopted the resolution by a recorded vote of 5-0.