Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Investments topic
No spam. Unsubscribe anytime.
Business office presents TCG Management asset‑portfolio option for district investments
Summary
Clint McLain briefed trustees on TCG Management Asset Portfolio Program as an alternative for investing district reserve funds beyond Lone Star and TexPool, emphasizing safety of principal per Board Policy CDA (Local).
Chapel Hill ISD’s Executive Director of Business and Finance, Clint McLain, presented TCG Management’s Asset Portfolio Program as an additional option for investing district reserves. McLain noted the district historically used investment pools (Lone Star, TexPool) or banks, and reiterated Board Policy CDA (Local) that prioritizes safety of principal while seeking to maximize returns in a prudent manner.
The presentation was informational; the board did not take action at this meeting. McLain emphasized that the Superintendent or an officer designated by board resolution serves as the investment officer and that any changes to investment vehicles will proceed in accordance with district policy and generally accepted accounting procedures.
