Committee on Treasury and Investment ManagementBEST PRACTICES A GFOA best practice identifies specific policies and procedures as contributing to improved government management. It aims to promote and facilitate positive change rather than merely to codify current accepted practice. Partial implementation is encouraged as progress toward a recognized goal.
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- Accepting Payment Cards and Selection of Payment Card Service Providers (1999, 2002 and 2008)
- Bank Account Fraud Prevention (2007, 2009)
- Collateralization of Public Deposits (1984, 1987, 1993, 2000, and 2007)
- Considerations for Using of Local Government Investment Pools (2007, 2008)
- Creating a Revenue Control and Management Policy (2007)
- Debt Service Payment Settlement Procedures (2007) (previously titled Same-Day Funds Settlement Procedures -1994, 2003)
- Diversification of Investments in a Portfolio (1997, 2002, 2007)
- Adopting Electronic Payment Systems (1997, 2001, 2002, 2005, 2008)
- Establishing Policies for Repurchase Agreements and Reverse Repurchase Agreements (1986, 1995, and 1998, 2000, 2003, 2006, 2008)
- Frequency of Purchased Securities Valuation in Repurchase Agreements (1999, 2003, updated 2006)
- Government Relationships with Securities Dealers (1986, 1988, 2003, 2006)
- Investment of Bond Proceeds (1996, 2007)
- Managing Market Risk in Investment Portfolios (2007 and 2009) (previously titled Maturities of Investments in a Portfolio - 1997, 2002)
- Mark-to-Market Reporting Practices for State and Local Government Investment Portfolios (1995, 2000, 2003, 2005, and 2008)
- Payment Consolidation Services (2007)
- Purchasing Card Programs (1998, 2003, and 2008)
- Selection and On-Going Review of Investment Advisers for Non-Pension Fund Investment Portfolios (2003, 2007, and 2009)
- Use of Cash Flow Forecasts in Operations (2005 and 2008)
- Using Mutual Funds for Cash Management Purposes (1987, 2003, 2006)
- Use of Lockbox Services (2000, 2003, 2007, 2009)
- Using Electronic Signatures (2006)
- Web Site Presentation of Official Financial Documents (2009)
- Using Remote Deposit Capture BP (2010) new
- Procurement of Banking Services BP (1997, 2005, 2010) revised
ADVISORIES
A GFOA advisory identifies specific policies and procedures necessary to minimize a government’s exposure to potential loss in connection with its financial management activities. It is not to be interpreted as GFOA sanctioning the underlying activity that gives rise to the exposure.
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