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Potter County adopts investment policy; Treasurer reports $71.9 million in holdings
Summary
County Treasurer Brooke reported $71,873,461.27 in general‑fund and investment holdings across multiple institutions and the court adopted the county investment policy and appointed the treasurer as investment officer by unanimous vote.
Potter County's treasurer presented the county's cash and investment positions as of March 31 and asked the court to adopt a formal investment policy.
Brooke reported balances across institutions: Amarillo National Bank $7,627,650.96 (3.86%); InLogic $2,291,057.46 (3.79%); TexasCLASS $16,514,136.40 (3.78%); TexPool Prime $25,455,616.45 (3.79%); and MultiBank Securities $19,985,000, for a general fund total of $71,873,461.27. Brooke asked the court to adopt the investment policy, the list of authorized financial institutions and to appoint the treasurer as investment officer in the accompanying resolution. The court moved, seconded, and approved the resolution (recorded vote 4–0).
Why it matters: Adopting an investment policy formalizes strategies for public funds and names the treasurer as the responsible officer; the amounts reported reflect the county's liquid holdings and short‑term investment exposure.
