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Meeting Date:
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7/30/2024 - 6:00 PM
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Category:
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Finance
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Type:
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Action
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Subject:
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Investment Policy Approval
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District Goals:
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Enclosure
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File Attachment:
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Summary:
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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.
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Budgetary Impact:
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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) policy, CDA(Local) and the Administrative Regulation that accompanies the policies.
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Recommendation:
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Administration recommends approval of the 2024-25 Investment Policy as presented.
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Approvals:
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Recommended By:
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Signed By:
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Anthony Kirchner - Chief Communications Officer
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Signed By:
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Michael McFarland - Superintendent
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Vote Results:
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| Original Motion | | Member Kelicia Stevenson Moved, Member June Davis seconded to approve the Original motion 'Administration recommends approval of the 2024-25 Investment Policy as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | June Davis | Yes | | Mia Hall | Yes | | LaTonya Mayfield | Yes | | Nedra Robinson | Yes | | Kelicia Stevenson | Yes | | Daryl Davis | Yes | |
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