Office of the Superintendent of Schools
Office of Finance and Operations
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Adoption of Resolution Approving Changes to the Cash Management and Investment Policy
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The Public Funds Investment Act (PFIA) requires the review and approval of any changes to the investment policy and strategies by the governing body of a governmental entity. The administration seeks School Board adoption of a resolution approving the following revision to the district’s Cash Management and Investment Policy:
1. The first paragraph of the section titled APPROVED INVESTMENT INSTRUMENTS permits investments “to the extent allowed by law”. The purpose of the revision to the investment policy is to allow investment strategies in alignment with the PFIA (Texas Government Code, Chapter 2256).
A copy of the Cash Management and Investment Policy with revisions is attached. Also attached is a copy of the resolution to approve the revisions.
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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 adopts the resolution approving changes to the Cash Management and Investment Policy, effective March 22, 2024.