Title
Resolution of the City of Pflugerville, Texas authorizing participation in the U.S. Fixed Income Trust Investment Pools and Designating Authorized Representative.
Summary
This resolution is needed to add the City of Pflugerville as investor in US-FIT and it's Texas Public Funds Investment pools TX-FIT, as well as designate the Finance Director and Assistant Finance Director as the Authorized Representatives; the City will facilitate their investments as part of the service agreement.
The Public Funds Investment Act (the “Act”) provides for the creation of public funds investment pools to which any local government or state agency of the State of Texas may delegate, by contract, the authority to hold legal title as custodian and to make investments purchased with local funds.
Prior City Council Action
No prior City Council Action.
Deadline for City Council Action
Action is requested on October 13, 2026.
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 _ Required _x_ Date Completed: __9.24.2026___
Supporting documents attached:
Resolution Public Funds Investment
Recommended Action
Approve resolution as presented