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Scurry County court adopts investment-policy changes and authorizes exploration of brokers to diversify funds
Summary
The county adopted annual investment-policy changes, agreed to consider using an external broker to diversify beyond local pools, and approved adding a rotating commissioner to the advisory committee, while reviewing a low-yield quarterly investment report.
Scurry County Commissioners Court reviewed and approved updates to the county investment policy and directed staff to explore broker options to diversify county funds beyond local pools.
A staff member told the court that an investment committee met in January and discussed seeking a broker who might secure more competitive yields on certificates of deposit and diversify holdings beyond the county's current investment pools. The staff presenter emphasized legal limits, noting that safety and statutory compliance would remain the top priorities.
Court members discussed adding a rotating commissioner annually to the advisory committee; a Committee member moved the change and the court voted in favor. The staff said the quarterly investment report shows interest rates remain low, reinforcing the rationale for exploring options that remain within statutory safety requirements.
The court approved meeting minutes / committee transparency information presented by staff and accepted the quarterly investment report. Staff said they will provide further details about broker options and any associated costs before any commitment is made.
