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Board adopts updated investment policy, names Hilltop Securities as advisor
Summary
The board approved the 2026–27 investment policy and resolution reflecting a change in financial advisor to Hilltop Securities and an updated dealer list; staff said the policy aligns with statutory investment requirements.
Staff presented the annual update to the investment policy and explained the principal change: the organization switched financial advisors and updated its dealer list. According to staff, 'we are with Hilltop Securities' and otherwise the policy remains largely unchanged and consistent with statutory investment requirements.
Board members asked about the reason for the change in advisors and staff replied the new firm 'offer better product' and an updated dealer list was included in the resolution. The board moved to approve the investment policy and authorized signatures for the resolution; the motion passed by voice vote.
