Title
Approving a resolution amending authorized representatives for the Texas Local Government Investment Pool "Texpool".
Summary
The City's authorized representatives for the investment pools need to be updated due to staffing changes. The attached resolution provided by Texpool names the additional authorized representatives with the authority to execute transactions on behalf of the City, as recommended by the City Manager:
Melissa Neel, Finance Director
Cory Beran, Senior Accountant
Trey Fletcher, Deputy City Manager and Lauren Henkes, Assistant Finance Director will continue as authorized representatives. Julissa Arias, Accountant, will continue with inquiry only access to the City's Texpool on-line system.
Ms. Henkes is further listed as the authorized representative with primary responsibility for performing transactions and receiving information.
Similarly, Item 2020-8850 on this agenda updates the City's Authorized Representatives for the Lone Star Investment Pool.
Deadline for City Council Action
None.
Funding Expected: Revenue ___ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount: _N/A_______
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A _X_ Required ___ Date Completed: ___
Supporting documents attached:
Resolution
Recommended Action
Approve the resolution amending authorized representatives for the Texas Local Government Investment Pool "Texpool".