KUA Earns Investment Policy Certification

The certification recognizes the utility's successful development of a comprehensive written investment policy that meets criteria set forth by the Association of Public Treasurers of the United States & Canada.

KISSIMMEE, FL (PRWEB) May 26, 2004 -- Kissimmee Utility Authority (KUA) has earned certification from the Association of Public Treasurers of the United States & Canada (APT) for its written investment policy.
    
The Investment Policy Certification recognizes KUA's successful development of a comprehensive written investment policy that meets criteria set forth by the Association. It is the policy of KUA to invest public funds in a manner which will provide the maximum security with best investment return, while meeting the daily cash flow demands of the utility and conforming to all state/province and local statutes governing the investment of public funds.
    
"Certification of KUA's investment policy assures the citizens of Kissimmee that we conduct our cash and investment program in accordance with national standards," said Larry Webb, KUA's treasury manager. "This certification is a best practice acknowledgment."
    
Since 1990, over 300 governments have received APT certification for their policies. Certified governments are required to resubmit their policy once every three years or sooner if major revisions are made to the existing policy.
    
A plaque to recognize the certification will be presented to KUA in August at APT's 2004 Annual Conference in Nevada.
    
APT represents 2,000 public treasury and finance officials in local, county and state/provincial governments throughout North America. The Association provides members with educational seminars and conferences, publications, policy and legislative information and technical assistance.
    
Founded in 1901, KUA is Florida's sixth largest community-owned utility providing electric, water, and telecommunication services to 170,000 residents in five Central Florida counties.
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