title
Amendments to the Finance Policies Manual; Resolution No. 26-42
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SUBJECT
recommendation
Adopt Resolution No. 26-42, approving the review of the NTMWD Investment Policy and Strategy Statement and amendments to the Finance Policies Manual within the following sections:
Fund Balance Policy
Retiree Health Insurance Program
Water Variable Cost Rebate Policy
Procurement Policy
Renumbering and minor edits throughout
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PURPOSE
The Public Funds Investment Act (PFIA) of Texas requires the NTMWD Board of Directors to annually review the investment policy and investment strategy. Amendments to the Finance Policy Manual are needed to reflect recommendations of best practices, provide clarification, and make minor corrections throughout.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors adopt the Finance Policies Manual and Resolution No. 26-42, approving NTMWD’s Finance Policies Manual review and amendments.
Committee: This item was reviewed with the Finance Committee on July 8, 2026, and with the Policy Committee on August 12, 2026. The Finance and Policy Committees recommend the adoption of the Finance Policies Manual
DRIVER(S) FOR THIS PROJECT
Strategic Objective: 2.1 Efficient Business Practices
2.3 Rigorous Financial Management
? Regulatory Compliance ? Asset Condition ? Capacity ? Redundancy/Resiliency ? Relocation or External Requests ? Operational Efficiency
? Safety ? Administrative ? Policy ? Other _____________
BACKGROUND
In April 2016, the Board Policies Manual combined many existing Administration and Finance related policies into the Administration and Finance Polices Manual, which was adopted by the Board of Directors.
In September 2023, the NTMWD Administration and Finance Policies Manual was split into the NTMWD Finance Policies Manual and the Administration Policies Man...
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