Agenda Item
Meeting Date: 5/25/2017 - 6:30 PM
Category: Consent Agenda
Type: Action
Subject: Investment Policy and Resolution
District Goals:
Goal 5
Effective and Efficient Use of Resources
Enclosure:
File Attachment:
RESOLUTION Investment Policy - May 25 2017.pdf
CDA(LEGAL).pdf
CDA(LOCAL).pdf
Investment Policy Admin Reg 2017 2018.pdf
Summary: In aligning our policies and regulations to the Public Funds Investment Act (PFIA), we continue to consider safety and preservation of principal as the primary objective. Our investments are in fully collateralized depository accounts and pools investing in government instruments. In compliance with PFIA, we are presenting for your review our current CDA (Local) policy and the Administrative Regulation that accompanies this policy.
Budgetary Impact: The Finance Department is providing the current Administrative Regulation for CDA (Local), along with assurance that the Investment Officer has no conflict of interest in any company with whom Crowley ISD has an investment interest. Attached for your review are our current CDA (LEGAL), CDA(LOCAL) policies and the Administrative Regulation that accompanies those policies. There are no changes to the policies this year.
Recommendation: The District recommends approval of the 2017-2018 Investment Policy as presented.
Approvals:
Recommended By:
Signed By:
Stacey Adrian - Director of Accounting and Finance
Signed By:
Patricia Linares - Interim Superintendent
Vote Results:

Original Motion
Member Ryan Ray Moved, Member Nedra Robinson seconded to approve the Original motion 'The District recommends approval of the 2017-2018 Investment Policy as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
June Davis     Yes
Ryan Ray     Yes
Mia Hall     Yes
Gary Grassia     Yes
Lyndsae Benton     Yes
LaTonya Mayfield     Yes
Nedra Robinson     Yes