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Castle Hills CCPD to place $1.25 million in Texas-class investment pool under city policy
Summary
The Castle Hills CCPD voted unanimously to adopt the city's November 2025 investment policy for CCPD funds and to transfer $1,250,000 into an existing CCPD account at a Texas-class investment pool, with an expected August 1 effective date to begin earning about 3.7% interest.
Board members agreed to a more aggressive investment approach for Crime Control Prevention District reserves, voting unanimously to adopt the City of Castle Hills' November 2025 investment policy for CCPD funds and to move $1,250,000 into an existing CCPD account at a Texas-class investment pool.
City staff told the board the CCPD account in the Texas-class pool was established May 15, 2020, but had never received deposits. "Texas class is a solid pool," staff said, and recent monthly returns were cited at about 3.7 percent. Staff recommended using the city's investment officers rather than creating a separate CCPD investment apparatus, and told the board the pool is liquid and that funds can generally be withdrawn within 24 hours.
Board discussion focused on liquidity and operational capacity to manage alternative instruments such as CD ladders. One member asked whether CDs were FDIC insured; staff replied they are not CDs and "they're not FDIC secured," explaining CD limits and the administrative burden of laddering many FDIC-insured accounts. A board member moved that the CCPD adopt the city's November 2025 investment policy and transfer $1,250,000 into the CCPD's Texas-class account, with the city's investment officers to manage the funds; the motion carried unanimously.
Staff said paperwork could likely be in place for an August 1 effective date, and emphasized the board must continue to monitor cash flow to ensure budgeted expenses remain payable as bills come due.
