Reference Materials
Public Funds Investment Act of the State of Illinois (30 ILCS 235/1)
Local Government Debt Reform Act (30 ILCS 350/)
Public Funds Deposit Act (30 ILCS 225/)
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
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
In this month's newsletter, read about upcoming conferences and events IMET will be attending, read our economic update, and view the August 2023 fund performance.
Read moreIn this month's newsletter, read about upcoming conferences and events IMET will be attending, find links to our most recent articles, read our economic update, and view the July 2023 fund performance.
Read moreMore changes to MMFs
To learn more about the Fitch downgrades follow the link below.
Read moreWhy and what does it mean?
To learn more about the Fitch downgrades follow the link below.
Read more