Legislation Details

File #: 2024-332   
Type: Resolution Status: Consent Agenda
File created: 11/15/2024 In control: City Council
On agenda: 12/5/2024 Final action:
Title: Consider a resolution amending the officers and employees of the City authorized to perform transactions with TexPool.
Attachments: 1. Resolution, 2. Exhibit A
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Title

Consider a resolution amending the officers and employees of the City authorized to perform transactions with TexPool.

 

Body

Consider a resolution amending the officers and employees of the City authorized to perform transactions with TexPool.

 

The City has accounts with TexPool, a local government investment pool.  Because TexPool has the unique standing of being operated as a quasi-state agency backed pool, changes in investment officers require council approval.  This resolution is to update the employees who can perform transactions on these TexPool accounts for the new Treasury Accountant.

 

Armida Macias-Padilla was hired as Treasury Accountant in October 2024.

 

Staff recommends approval.