SUBJECT:
title
Approval of a resolution adopting the CapMetro Investment Policy.
end
FISCAL IMPACT:
This action has no fiscal impact.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
EXPLANATION OF STRATEGIC ALIGNMENT: Annual review and approval of this policy is required to comply with the Texas Public Funds Investment Act. The policy was last reviewed in September 2024.
BUSINESS CASE: CapMetro is required to invest funds in accordance with the Texas Public Funds Investment Act. The governing body (the CapMetro Board) of an investing entity (CapMetro) is required to review its investment policy and investment strategies no less than annually. Per the Texas Public Funds Investment Act, the CapMetro Board shall adopt a written instrument stating that it has reviewed the investment policy and investment strategies and that the written instrument so adopted shall record any changes made to either the investment policy or investment strategies.
COMMITTEE RECOMMENDATION: This item was presented and recommended for approval by the Finance, Audit and Administration Committee on September 10, 2025.
EXECUTIVE SUMMARY: The proposed policy was reviewed by staff and PFM Asset Management LLC, under contract as CapMetro's investment advisory firm. Attached is a copy of the Investment Policy, which complies with the Public Funds Investment Act. A change to the Investment Policy in Section IV (d.) - Portfolio Diversification was made. PFM Asset Management LLC recommended that the investment type Commercial Paper limitation be updated from 30% to 35%.
Attached is a copy of CapMetro's Investment Policy which complies with the Texas Public Funds Investment Act.
DBE/SBE PARTICIPATION: Does not apply.
PROCUREMENT: Does not apply.
RESPONSIBLE DEPARTMENT: Finance
body
RESOLUTION
OF THE
CAPITAL METROPOLITAN TRAN...
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