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Lorena ISD approves investment policies, brokers and names district investment officers
Summary
The board approved district investment policies and strategies, authorized a list of investment brokers, and named Dr. Theodore Clevenger and Donald Jeff Linnstaedter as district investment officers in unanimous votes.
Trustee Tyler Stewart moved and Trustee Mary Timmons seconded a motion to approve Lorena ISD's investment policies and strategies; the board approved the motion unanimously among trustees present. Trustees also approved a list of authorized investment brokers after a motion by Denny Kramer and second by Tyler Stewart.
Trustee Russ Johnson moved and Trustee Tyler Stewart seconded a motion to name district investment officers; the board approved naming Dr. Theodore Clevenger as Superintendent and Donald Jeff Linnstaedter as Chief Financial Officer as the district's investment officers. The vote on that motion was recorded as Yea:5, Nay:0, Absent:2.
