Board Agenda - November 06, 2007

j. Adoption of Resolution Designating District Authorized Investment Officers

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

The written investment policy of Plano Independent School District requires the School Board to designate two or more officers or employees as Investment Officers to be responsible for investment of its' funds (Gov't code section 2256.005). The resolution is attached. The adoption of the Resolution Designating District Authorized Investment Officers reappoints the Associate Superintendent of Business Services, Executive Director of Financial Services, and the Budget and Accounting Director. This resolution shall take effect on November 6, 2007 and remain in effect until formally rescinded by the Board, or until a new resolution naming different Investment Officers is passed by the Board.

Recommendation:

The Administration recommends adoption of the Resolution Designating District Authorized Investment Officers.

Business Impact:

Summary:

Appendix:

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