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Board accepts quarterly investment update and hires financial advisor
Summary
Needville ISD approved the quarterly investment update and voted to contract with a financial advisor; both actions recorded with 7–0 votes. Trustee Scott Valchar moved to approve the investment update and financial-advisor contract, seconded by Kim Janke and Chantz Klemstein respectively.
The Needville ISD Board reviewed financial reports and approved a quarterly investment update by motion. Trustee Scott Valchar moved approval; Trustee Kim Janke seconded and the motion passed 7–0, according to the minutes.
Separately, the board considered and approved a contract for a financial advisor. Trustee Scott Valchar moved the contract approval and Trustee Chantz Klemstein seconded; the motion passed by a recorded vote of 7–0. The minutes do not specify the advisor's name, contract amount, or term; those procurement details were not included in the record provided.
