Office of the Superintendent of Schools
Office of Finance and Operations
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Approval Of Local Government Investment Pool Meeder Investment Management And Its Texas Public Funds Investment Pool Texas Connect
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The administration seeks School Board approval for the district to participate in local government investment pool Meeder Investment Management and its Texas public funds investment pool Texas Connect. Approval of the attached resolution will provide the district with an additional investment option emphasizing safety and liquidity, and is required for the district to proceed with the investment of funds. Local government investment pools are an approved investment instrument in compliance with the district Cash Management and Investment Policy and the Public Funds Investment Act.
Attached is the resolution authorizing participation in the Texas Connect investment pool.
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COST/FUNDING SOURCE(S): |
None |
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STAFFING IMPLICATIONS: |
None |
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THIS ITEM DOES NOT ESTABLISH, MODIFY, OR DELETE BOARD POLICY.
recommendation
RECOMMENDED: That the School Board approves the attached local government investment pool resolution as submitted to provide the district with an additional investment option emphasizing safety and liquidity, effective May 9, 2025.