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Royse City ISD board adopts resolutions on investment broker review, investment policies and reimbursement intent
Summary
Trustees adopted three fiscal resolutions addressing annual review of investment brokers under Texas Gov. Code ch. 2256.025, review of investment policies CDA (Legal)/(Local) under ch. 2256.005(e), and a declaration of intent to reimburse project expenditures; each passed 6–0 (1 absent).
At the Sept. 8 meeting, the Royse City ISD Board approved a set of resolutions covering the district's investment oversight and reimbursement intent. Eric Fort moved to adopt the annual review of investment brokers pursuant to Texas Government Code Chapter 2256.025, with Mike Anderson seconding; the motion passed 6–0. The board then approved a resolution to review investment policies CDA (Legal) and CDA (Local) under Chapter 2256.005(e) (motion by Cindi Jobe, second by Jessica Ratterree), and adopted a resolution declaring the district's intention to reimburse project expenditures (motion by Mike Anderson, second by Eric Fort); both motions passed 6–0 with one absence.
The actions formalize the board's compliance with state statutes governing investment oversight and establish a formal intent to reimburse certain project expenditures (the transcript does not enumerate project amounts or the specific projects). These resolutions authorize staff to continue established procurement and investment practices and prepare the district for any reimbursement processes that require board authorization.
