With
the recent increase in interest rates, staff has been working on an Investment
Policy for the Board of Commissioners to approve in the near future. The
investment policy will ensure that all public monies are appropriately and
safely invested with a primary objective to protect capital. NCGS
159-30 limits the investment for local governments to conservative
investments such as U.S. Treasuries, U.S. Agency Securities and Commercial
Paper.
The
purpose of this request is authorize professional development for the following
employees:
- Anna
Bumgarner, Finance Director
- Lisa
Bevis, Assistant Finance Director
- Aaron
Church, County Manager
- Andy
Downs, Senior Internal Auditor
The
certificates requires 31 hours of class and includes the following modules:
(Mathematics,
Basic Instruments, Term Structures, Interest Rate Risk Measures, Fixed Income
Management, Corporate Bonds, Fixed Income Markets, Sovereign Debt Instruments,
Repurchase Agreements, Mortgage Markets, Forwards and Swaps, Interest Rate
Derivatives, Corporate Bonds, Credit Derivatives, Yield Curve Fundamentals,
Yield Curve Construction and Interest Rate Modeling)
Authorize mandatory training for Anna Bumgarner, Lisa Bevis, Aaron Church and Andy Downs
to take the online self-paced course: “Fixed Income Professional
Certificate” from the New York Institute of Finance at a cost not to exceed
$1,400 per participant for a total cost not to exceed $5,600. The
training will be mandatory and employees will be paid their regular salary
during the training.
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