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Finance Department receives award for Investment Policy

Post Date:08/23/2019 9:16 AM
NEWS RELEASE
 
FOR IMMEDIATE RELEASE: Aug. 22, 2019 

The Treasury Division of the Finance Department recently received the Certificate of Excellence for its Investment Policy by the Association of Public Treasurers of the United States & Canada (APT US & C).
 
Kansas City is one of only eight jurisdictions to win this award over the past year. Our Investment Policy had to meet 18 rigid criteria in order to be certified. The policy is updated approximately every five years to ensure that the public has the trust and confidence in the City’s investing activities.
 
Marcus Whitworth, Manager of Investments, accepted the award at the APT US & C’s 54th Annual Conference in Oklahoma City last month.
 
“It makes me feel very humble in accepting the award on behalf of the Finance Department, and very thankful for the support of management to further enhance the quality of the City’s investment program,” Whitworth said.
 
At the conference, Whitworth also sat for the Association’s Certified Public Funds Investment Manager course, earning the certification by passing the exam. Additionally, he was named to the Association’s nationwide investment policy review committee. 
 
“Marcus undertook the revision of the Investment Policy barely a year into his new role as the Manager of Investments,” City Treasurer Doug Buehler said. “As such, he did an excellent job researching other entities’ policies, comparing those with the City’s existing policy and recommended best practices. Marcus drafted a revision that was ultimately unanimously approved by the Finance Committee and the revised policy is an excellent roadmap for sound and prudent investment management.”

Media inquiries and requests for information can be addressed to Doug Buehler, City Treasurer, Finance Department at 816-513-1024.
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