Title
Updated Financial Services Policies
Proposed Motion(s)
That the revisions to policies C-FI01 Investments and C-FI09 Debt Management be approved as presented.
Body
Administration Recommendation(s)
Administration supports the recommendations.
Purpose
Updating of policies to ensure accuracy and relevancy.
Summary
The following summarizes the most significant updates to each Policy.
• C-FI01 Investments
o This policy has been re-written to ensure compliance with best practices. The main changes include:
§ The procedures have been removed from the policy; this includes Schedules A and B
§ Updates were made to the wording of the Purpose, Policy Statement, Definitions, Scope, and Management Responsibilities
§ The previous policy’s Objectives were established as Standards in the revised policy.
• C-FI09 Debt Management
o This policy has been re-written to ensure compliance with best practices. The main changes include:
§ Updates were made to the wording of the Purpose and the Policy Statement,
§ Additional information was included for Definitions, Scope, Management Responsibilities, and Standards to provide increased understandability
Strategic Plan/Policy/Legal/Staff Implications (As Required)
N/A
Financial Impact: N/A
Cost: 0
Source of Funding: N/A
Other (As Required)
N/A