The Corporation of the Town of Oakville · Policy F-FPC-003

Investment

Policy Number:
F-FPC-003
Section:
Financial Planning & Policy
Sub-Section:
Development Financing & Investments
Author:
Finance Department
Authority:
Council
Effective Date:
2015 June 29
Review by Date:
2020
Replaces:
Last Modified:

References and Related Documents

F-FPC-003-001 Investment Procedure
Municipal Act, 2001
Funeral, Burial and Cremation Services Act, 2002
Trustee Act
Town Banking By-law
Investment Service Agreements
Public Sector Accounting Board Principals (PSAB)

Policy Statement

The Corporation of the Town of Oakville (the town) invests its cash resources in an optimal manner which will provide the highest investment return with the maximum security while meeting the daily cash flow requirement of the town and conform to all legislation governing the investment of municipal funds.

Purpose

The primary objectives of the Investment Program, in order of priority, shall be:

Scope

This policy applies to the investment of all funds made by or on behalf of the town, its agencies and local boards including, but not limited to, operating and capital funds, reserves, reserve funds, sinking funds and trust funds.