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A Motion to Discuss the Proposed Investment Policy, Provide Feedback, and Recommend that the Policy Be Forwarded to the Village Board for Consideration
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Introduction
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The Finance Committee is asked to review the proposed Investment Policy and provide direction on a comprehensive framework that incorporates sustainability and community-value considerations while maintaining compliance with Illinois law and the Village's obligations to protect principal, preserve liquidity, and prudently manage public funds. The Committee is also asked to recommend whether a revised policy should be forwarded to the Village Board for consideration.
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Recommended Action
Discuss the proposed Investment Policy, provide direction to staff on an integrated approach to sustainability, transparency, and implementation, and recommend that staff bring a revised policy forward to the Village Board for consideration.
Prior Board Action
There is no prior Board action associated with adoption of a formal Village Investment Policy. Staff began developing an investment policy in 2025. During that process, Board members and residents expressed interest in strengthening the policy's treatment of sustainability, community values, and transparency, which is included in the current Finance Committee review.
Background
The Village invests public funds to meet ongoing operating, capital, and liquidity needs. A formally adopted policy establishes the governance, controls, authorized instruments, and reporting expectations for those activities. The proposed policy applies to all Village funds except the legally independent Police and Fire Pension Fund Boards and establishes the primary objectives of Legality, Safety, Liquidity, and Yield, in that order.
As the policy was being developed, Board and resident input called for the Village to favor investments aligned with racial justice, economic justice, human rights, LGBTQ rights, public health and s...
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