Reference Materials

Public Funds Investment Act of the State of Illinois (30 ILCS 235/1)

30 ILCS 350/) Local Government Debt Reform Act

(30 ILCS 225/) Public Funds Deposit Act

Commercial Paper Today

Segment Your Portfolio

Diversification Mitigates Risk

Using Commercial Paper in Investment Portfolios

GFOA Template Investment Policy

Cash Flow Forecasting White Paper

How Cash Flow Forecasting Helps with Investing

Tools

Yield Calculator

Effective Federal Funds Rate

GFOA Best Practices/Advisories

GFOA Best Practices identify specific policies and procedures that contribute to improved government management. They aim to promote and facilitate positive change or recognize excellence rather than merely to codify current accepted practice. GFOA has emphasized that these practices be proactive steps that a government should be taking. Best practices are applicable to all governments (both large and small). Best practices are approved by the GFOA executive board and represent the official position of the organization.  

GFOA Advisories identify specific policies and procedures necessary to minimize a government’s exposure to potential loss in connection with its financial management activities. For many advisories, GFOA will be providing specific recommendations on how to avoid risk or loss, either proactively or retroactively, in response to current events or trends. Advisories are approved by the GFOA executive board and represent the official position of the organization.

Association of Public Treasurers of the US and Canada

APT US&C offers educational and certification opportunities to public sector treasury and investment professionals, including various ongoing accreditations such as the Certified Public Finance Administrator (CPFA) and the Certified Public Funds Investment Manager (CPFIM).  APT US&C also  provides certifications for organizations, not individuals. APT US&C certifies investment, debt, cash handling and disaster preparedness policies.

 

APT US&C policy certifications Going through a disciplined process to create your policies, and then  having them reviewed and certified may show stakeholders that your organization is prepared and that you have policies in place that have received a national stamp of approval.

Recent News

GFOA Launches Economic Indicator Dashboard
May 28, 2020

GFOA Launches Economic Indicator Dashboard

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Laurence Msall Column in Crain's Chicago Business, "No state or local government can weather this crisis on its own"
May 27, 2020

Laurence Msall wrote a column for Crain's Chicago Business, May 8, 2020, asserting that no state or local government can weather this crisis on its own. His argument is that to exclude Illinois, Chicago or other major governments from future rounds of federal relief because of past bad fiscal decisionmaking are misguided and threaten full national economic recovery.

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Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services
April 30, 2020

The safety of public funds should be the primary investment objective of all governments.  One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.

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Federal Reserve Press Release
April 29, 2020

The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.

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