Title
Consider/Discuss/Act on Resolution Amending Authorized Representatives for TexPool/TexPool Prime
Summary
MEETING DATE: April 17, 2012
DEPARTMENT: Finance
CONTACT: Rodney Rhoades, Finance Director
RECOMMENDED CITY COUNCIL ACTION:
· Approve the resolution.
ITEM SUMMARY:
· The attached resolution amends the representatives authorized to make transactions on the City of McKinney's TexPool/TexPool Prime account.
BACKGROUND INFORMATION:
· Texas Local Government Investment Pools ("TexPool/TexPool Prime"), public funds investment pools, were created on behalf of entities whose investment objectives in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A