Meeting Type: BCC Regular Meeting
Meeting Date: 4/1/2025
Item Status: New
From: Tara Hazelbaker, Director of Finance
Submitted by: Tara Hazelbaker, Director of Finance
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ITEM TITLE
Title
Revision of Baldwin County Commission Policy 8.21 - Banking and Investment Policy
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STAFF RECOMMENDATION
Recommendation
Approve and adopt revised Baldwin County Commission Policy 8.21 - Banking and Investment Policy.
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BACKGROUND INFORMATION
Background: This updated policy builds upon the foundation of the 2016 version, reflecting the County's commitment to responsible fiscal stewardship and alignment with evolving financial standards. Key updates include explicit evaluation processes, broadened scope for fund management, and detailed guidelines for investments and banking services. Adoption of this revised policy will ensure the continued integrity and effectiveness of the County’s financial operations.
Previous Commission action/date: March 15, 2016 - Adopted Policy 8.21 (Item BG5).
FINANCIAL IMPACT
Total cost of recommendation: N/A
Budget line item(s) to be used: N/A
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
No
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? No
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Administration
Action required (list contact persons/addresses if documents are to be mailed or emailed): Admin: Replace policy header, update policy books; Email Group - Policy Book Update.
Additional instructions/notes: N/A