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ALIEF ISD board affirms annual investment review, approves training providers and brokers
Summary
ALIEF ISD trustees voted to adopt an ordinance acknowledging their annual review of the district's investment policy and to approve the list of training providers and qualified brokers. The district reported a $388.3 million portfolio and strong interest earnings that helped the general fund.
The ALIEF ISD Board of Trustees voted Feb. 18 to adopt an ordinance acknowledging the district's annual review of its investment policy and to approve the district's list of qualified brokers and approved training sources for investment officers.
Julie Patterson, ALIEF ISD director of budget, told trustees the district's total portfolio at Dec. 31, 2024, was $388.3 million, with approximately one-third held in each of three AAA-rated investment pools and a smaller portion in government securities. Patterson said the portfolio mix emphasizes preservation of principal, liquidity and yield, and noted that the district keeps…
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