GFOA of the US & Canada - Committee on Treasury and Investment Management

Committee on Treasury and Investment Management

BEST 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.

Investments

Considerations for Using of Local Government Investment Pools (2007, 2008)

Cash Management

Purchasing Card Programs (1998, 2003, 2008, and 2011)

Use of Cash Flow Forecasts in Treasury Operations (2005, 2008 and 2011)

Use of Lockbox Services (2000, 2003, 2007, 2009)
Using Mutual Funds for Cash Management Purposes (1987, 2003, 2006 and 2012) revised

Portfolio Construction/Process of Investing

Adopting Electronic Payment Systems (1997, 2001, 2002, 2005, 2008)

Collateralization of Public Deposits (1984, 1987, 1993, 2000, and 2007)

Creating an Investment Policy (2010)
Establishing a Policy for Repurchase Agreements (1986, 1995, and 1998, 2000, 2003, 2006, 2008, 2010)

Diversification of Investments in a Portfolio (1997, 2002, 2007)

Managing Market Risk in Investment Portfolios (2007 and 2009) (previously titled Maturities of Investments in a Portfolio - 1997, 2002)

Selecting and Maintaining Relationships with Professional Service Providers

Accepting Payment Cards and Selection of Payment Card Service Providers (1999, 2002, 2008 and 2009)

Government Relationships with Securities Dealers (1986, 1988, 2003, 2006 and 2012)
Payment Consolidation Services (2007)

Procurement of Banking Services (1997, 2005, 2010)

Selection and On-Going Review of Investment Advisers for Non-Pension Fund Investment Portfolios (2003, 2007, and 2009)

Using Safekeeping and Third-Party Custodian Services (2010)

Measuring; Reporting Investments

Mark-to-Market Reporting Practices for State and Local Government Investment Portfolios (1995, 2000, 2003, 2005, and 2008)

Technology and Processing

Adopting Policies for the Frequency of Purchased Securities Valuation in Repurchase Agreements (1999, 2003, updated 2006)
Using Electronic Signatures (2006)

Using Remote Deposit Capture (2010)

Web Site Presentation of Official Financial Documents (2009)

Internal Controls

Bank Account Fraud Prevention (2007, 2009 and 2012)

Creating a Revenue Control and Management Policy (2007, 2009 and 2012)

Other

Debt Service Payment Settlement Procedures (2007) (previously titled Same-Day Funds Settlement Procedures -1994, 2003)

Investment of Bond Proceeds (1996, 2007)

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.

Portfolio Construction/Process of Investing

Establishing a Policy for Reverse Repurchase Agreements (2010)

Using Commercial Paper in Non-Pension Fund Investment Portfolios

Use of Derivatives and Structured Investments by State and Local Governments for Non-Pension Fund Investment Portfolios (2010) revised

Investments

Securities Lending Programs for Non-Pension Fund Portfolios (1995, 2002, 2008)

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