§ 70-474. Investment reporting and auditing

(a) Not less than quarterly the county treasurer shall prepare and submit to the commissioners court a written report of the county's investment transactions for the preceding reporting period, in addition to other information that may be required by the county. The report shall contain:

(1) A detail of the investment position of the county on the date of the report.

(2) A summary statement of each pooled fund group that states the beginning market value for the reporting period, additions and changes to the market value during the period, and the ending market value for the period.

(3) The book value and market value of each separately invested asset at the beginning and end of the reporting period by the type of asset and fund type invested.

(4) The maturity date of each separately invested asset that has a maturity date.

(5) The account or fund or pooled group fund of the county from which each individual investment was acquired.

(6) Compliance of the county investment portfolio as it relates to the investment strategy expressed in section 70-463, as well as other relevant provisions of this article.

(b) The report shall be signed by the county treasurer. The reporting of county investments shall be in compliance with Statement No. 31 of the Governmental Accounting Standards Board. The county shall have performed as a part of its annual independent audit a review of the reports of investments and adherence to the county's established investment policies. The results of the review shall be reported to the commissioners court by the independent auditor.

(Ord. No. 99-2004, § XIV, 10-26-1999; Ord. No. 2000-2287, § XIV, 11-14-2000)