Kaufman County court approves resolution to open fixed-income investment account

A county staff member identified as Chuck asked the Kaufman County Commissioners Court to approve a resolution allowing the county to open accounts with a US fixed-income trust marketed in the discussion as "Texas Fit," which he said is run locally by Deep Blue Investment Advisors. Chuck told the court the pool has "been averaging about 3.93% compared to 3.80 on, TexPool and Texas Connect" and presented the account as an additional option for county holdings. "They have been averaging about 3.93% compared to 3.80 on, Texas," Chuck said while summarizing recent yields.

Commissioners discussed safeguards and availability; the presiding judge and commissioners said access to funds when needed was essential. The court moved, seconded and approved the resolution by voice vote, and designated authorized representatives for the Treasury Department as requested. Chuck also listed other local governments that participate in the pool. The court's action gives county treasury staff an additional option for investing idle funds, subject to any procedural follow-up required by county policy.