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Council accepts first-quarter investment report; portfolio in compliance with state law

Navasota City Council · March 10, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance Director Michael Maval told the council the city's investment portfolio is in compliance with the Public Funds Investment Act and local policy as of Dec. 31; the council voted to approve the quarterly report for Oct.-Dec. FY25/26.

Finance Director Michael Maval presented the city's quarterly investment report for the period ending Dec. 31 and told council the portfolio meets the Public Funds Investment Act and the local investment policy.

Maval summarized the city's objectives as "safety and liquidity and yield of public funds," recommended approval of the report and said staff will align future reporting to the regular schedule. Council made a motion to approve the quarterly investment report for the first quarter of fiscal year 25-26 and carried the item by voice vote.

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