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Tarrant County HFC adopts investment policy and receives financial statements; members press for clearer TexPool sub-account tracking
Summary
The board adopted the Tarrant County Investment Policy and voted to receive and file financial statements for three reporting periods. A member questioned whether funds moved from a Precinct 2 CD into TexPool were placed in a sub-account so interest could be tracked; staff said they would follow up and clarify.
The Tarrant County Housing Finance Corporation on June 11 adopted the Tarrant County Investment Policy and voted to receive and file financial statements for the periods ending Sept. 30, Dec. 31 and March 31.
During discussion of the financial statements a board member asked specifically whether funds that had been held in a Precinct 2 Plains Capital CD were moved into TexPool and, if so, whether they were placed in a sub-account to track interest by precinct. Staff (Kim) said she could not confirm off the top of her head and suggested staff would follow up to confirm placement and whether sub-accounts remain in place so funds can be tracked separately.
The investment policy item was introduced as having no substantive changes and passed on a unanimous vote. A board member also noted receipt of a dues invoice (item listed as 2026 dues) and asked that packet materials be distributed earlier in the future so members have time for review. The board adjourned after brief announcements.
