The Sydney City Council on Aug. 26 passed Resolution 20250809 authorizing the city to expand its investment options by participating in the Nebraska Public Agency Investment Trust platform. Walker Zalcosky, representing PTMA Financial Solutions and the statewide board that runs the fund, described it as a money‑market fund for public entities with daily liquidity and no obligation to use it.

Zalcosky said the fund has been available for nearly 30 years and that "Today's rate's 4.26%." He said there is "no obligation to use it, no cost to use it," and stressed that safety, liquidity and yield are the fund's priorities. A municipal adviser in the presentation noted that fixed‑term investments may offer higher yields but carry redemption obligations and potential penalties.

City staff explained the resolution expands the city's ability to place idle funds into additional secured instruments and does not require immediate transfers. Councilmembers moved and seconded the resolution; the motion passed with affirmative votes from those present.

Council members asked practical questions about early withdrawals and comparisons to local bank rates. Presenters said the fund allows immediate withdrawal without penalties, while fixed‑term products (CDs or treasuries) would typically carry penalties for early redemption. The municipal adviser recommended evaluating the fund and fixed‑term opportunities as interest rates change.

The resolution gives the city an additional, optional vehicle for short‑term cash management and for seeking higher yields while retaining liquidity; staff said they will evaluate the city’s cash positions and investment needs before committing funds.