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Board signs off on investment policy, Region 6 contract and routine finance items
Summary
The board approved the annual investment policy resolution, accepted Region 6 service contracts for 2026–27 (with one‑time reduction tied to state pass‑through), and approved routine bank signature updates and library material purchases.
Miss Rodell reviewed the district's investment policy, which the administration said follows the Texas Public Funds Investment Act and prioritizes safety, liquidity and yield. She told trustees that the district's depository arrangement with Cadence (Huntington reference) runs through Aug. 31, 2027, with previously authorized two‑year extensions, and that a large portion of bond money sits in an investment pool through JPMorgan Chase.
On contracts, the board approved the Region 6 contract for 2026–27. Staff explained that recent state 'lift' grants routed through region centers reduce the district's one‑year contract cost by an estimated $60,000 (example figures were discussed) and that the net cost to the district for Region 6 services is in the packet. The board also approved routine consent agenda items, updates to bank signature cards to reflect staff and officer changes, and the library materials collection after the required public posting period closed with no challenges.
