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CASH MANAGEMENT

The City's Treasurer manages the City's banking relationships, monitors the inflow and outflow of the City's cash and directs the depository review process.

At least every five years, a Depository is selected through the City's banking service procurement process, which includes a formal request for application (RFA). The selection of the depository is determined by competitive bids and council approval.

The City's Depository account is currently with Branch Banking & Trust (BB&T).

INVESTMENTS

The City's Treasurer is responsible for the investment of idle cash. When making investments, the City is governed by its Investment Policy which is in compliance with the Texas Government Code Public Funds Investment Act.

The primary objectives of the City's investment activities are as follows:

  • Safety of principal
  • Sufficient liquidity to enable the City to meet all operational requirements that might be reasonably anticipated
  • Maximum rate of return throughout budgetary and economic cycles, taking into account the risk constraints and cash flow characteristics of the portfolio

The goals of the Fiscal Service Dept. with regard to investments are to invest 99% of available cash and to earn a return equal to 100% of similarly weighted average maturity treasury notes.

Download Investment Policy

DEBT

Independent Registered Municipal Advisor Certificate  - July 1, 2014
By publicly posting the following written disclosure, the City of College Station intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. The City of College Station has retained an independent registered municipal advisor. The City of College Station is represented by and will rely on its municipal advisor, First Southwest Company, to provide advice on proposals from financial services firms concerning the issuance of municipal securities. The individual with primary responsibility for advising the City of College Station on such matters is Drew Masterson. This certificate may be relied upon until October 23, 2018 or otherwise withdrawn by us.

 

Last updated: 1/10/2017 4:03:29 PM