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EAST CENTRAL ISD trustees review unchanged investment policy after Wells Fargo money-market exit
Summary
District staff presented an annual review of the investment policy, saying it remains unchanged; staff moved funds from a closed Wells Fargo money-market product into a Texas pooled vehicle and will notify pools that the district's policy applies to their holdings.
District staff presented the board with the annual investment policy and said the document has not changed from the prior year.
Speaker 2 told trustees the investment authority belongs to the superintendent and a designee and that the district's designated investment officers (speaker 2 and Judy) complete required annual training. Staff emphasized the district…
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