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Board approves investment resolutions, bank signature updates and insurance renewals
Summary
Trustees unanimously approved resolutions listing qualified investment sources and the district's conservative investment program, updated bank signature authorizations for Big Bend Banks, and approved unemployment and TASB workers' compensation renewals (district contribution decreased $730; workers' comp decreased $3,458).
Presidio ISD trustees on Aug. 27 approved a package of finance-related resolutions and insurance renewals presented by District CFO Raquel Baeza.
The board adopted an annual Resolution of Investment Sources as required by Texas Government Code and separately approved the district's Investment Program, which Baeza described as a conservative approach to managing district resources. Trustees also approved a Bank Authorization Resolution updating the authorized signers for the district's accounts at Big Bend Banks.
On insurance items, the board approved the Unemployment Compensation renewal, which Baeza said resulted in a district contribution decrease of $730. The board also voted to participate in the TASB Workers' Compensation Program, with a reported decrease of $3,458. All motions passed 7-0.
Next steps: Business Office staff will implement the updated signatory authorities and file required documentation for investment sources and insurance participation.
