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Meeting Date:	12/11/2023
Addendum to the 2023-2024 Investment Policy
Submitted for:	Manuel Vinals	Submitted By:	Manuel Vinals
Department:	Treasurer

Subject:

Discussion and possible action to approve an addendum to the 2023-2024 Investment Policy to include and authorize the Webb County Treasurer to work with Cresta Advisors for the purchase of authorized investments under the Webb County Investment Policy and Investment Advisory Service; authorizing the approval of a Non-Corporate Resolution for said purpose; authorizing the Webb County Judge to execute all relevant documents thereof; and any other matters incident thereto.

Issue: The County Treasurer is looking to strategically diversify the County Portfolio.

Solution: The County Treasurer will work with Cresta Advisors to develop a strategic investment plan, to secure authorized investment with strategically planned rates and maturities.

Result: Webb County's Investment Portfolio will be diversified, obtain higher coupon rates, and have investment advisory services.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a

Attachments
2023-2024 Investment Policy