Broward County Commission Regular Meeting
Director's Name: Stephen Farmer (Acting Director)
Department: Finance and Administrative Services Division: Administration
Information
Requested Action
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MOTION TO ADOPT Resolution directing the County Administrator to publish Notice of Public Hearing to be held on September 4, 2025, at 10:00 a.m., in Room 422 of Governmental Center East to consider adoption of a proposed Resolution Amending the Broward County Administrative Code, the title of which is as follows:
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF BROWARD COUNTY, FLORIDA, PERTAINING TO THE BROWARD COUNTY INVESTMENT POLICY (“INVESTMENT POLICY”); AMENDING VARIOUS SECTIONS OF CHAPTER 22 OF THE BROWARD COUNTY ADMINISTRATIVE CODE (“ADMINISTRATIVE CODE”) TO UPDATE THE INVESTMENT POLICY; AND PROVIDING FOR SEVERABILITY, INCLUSION IN THE ADMINISTRATIVE CODE, AND AN EFFECTIVE DATE.
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Why Action is Necessary
The Broward County Charter requires the posting of notice and a public hearing for the adoption of amendments to the Broward County Administrative Code.
What Action Accomplishes
Enables the setting of a public hearing during which the Board may consider adopting the proposed Resolution Amending the Broward County Administrative Code.
Goal Related Icon(s)
☐County Commission
☐Go Green
☐MAP Broward
Previous Action Taken
None.
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.
The Broward County Investment Policy (“Investment Policy”), as codified in Chapter 22 of the Broward County Administrative Code (“Administrative Code”), establishes guidelines for the investment of Broward County funds. Exhibit 2 is the proposed Resolution amending the Administrative Code. The memorandum attached as Exhibit 3 provides a detailed rationale for the proposed changes to the Investment Policy.
Source of Additional Information
Stephen Farmer, Deputy Chief Financial Officer, (954) 357-7130
Fiscal Impact
Fiscal Impact/Cost Summary
This item has no fiscal year.