Discussion and possible action to authorize General Manager to transfer funds

Staff Report & Agenda Item Details

Discussion and possible action to authorize General Manager to transfer funds from TexPool account into First United operating bank account – Ms. Cochran stated that the District elects to actualize the interest earned from the TexPool account into the Operations account after the close of the fiscal year. Due to the extra costs related to attorney fees, additional money will be required to pay those invoices. Ms. Cochran recommended transferring $55,000 from savings into the District’s checking account. Motion to authorize the General Manager to transfer $55,000 from the District’s TexPool account into the District’s Operating checking account by Robert Raetzsch. Seconded by Jeff Schuehle. Motion carried.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.8/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.