HomeMy WebLinkAboutRes 2020-10-809 Texas Class TrustGet to know Texas CLASS
Money Flarket
Funds
13.64%
U.S. Treasury
5ecudttes -
2.949
Commerctal
Paper A -1/P-1
26.42%
Texas CLASS is a local government investment pool that allows local
governments, such as yourself, to pool funds together to collectively
earn interest on investments. Our philosophy is, and has always been,
to provide competitive returns while adhering to all objectives of
safety and liquidity. Both Texas CLASS Government and Texas CLASS
carry a'AAAm' rating from S&P Global Ratings.
Portfolio Distribution**
Repurchase
A°reements
Government
Obligation
0.11%
Commerctal
Paper A -1+/P-1
54.00%
Collateralized
Bank Deposttr
35.129b
Repurchase
Agreements - -
1.79%
U.S. Government
Anency Securlttes
26.75°�6
U.S. Treasury
Securities
19.12%
Money Market Funds
17.22%
Participant Breakdown by Balance**
Special Dis`�`�` Countv
20.38°i
Other_ _
4.04%
scnool
37.77%
Municipality
17.81%
Texas CLASS welcomes all local governments without
favor to one type. The Board of Trustees and Advisory
Board membership represents the diversity of such
entities and works to maintain a product that services
the needs of all.
ource: Public Trust Advisors's*Average
The Texas CLASS portfolio distribution strategy
focuses on minimizing market risk and enhancing
safety via diversified investments. Funds of the
Participants are invested in prime or high grade,
short-term fixed income instruments as illustrated
to the left.
Texas CLASS Board of Trustees
Steve Williams, Chairman Amy Perez
Asst. City Administrator/CFO
City of Conroe
Monika Arris
Director of Budget &Finance
Collin County
Cindy Yeatts Brown
Treasurer
Denton County
Rodney Rhoades
Deputy Director -Admin. Services
North Texas Municipal Water Dist.
Director of Financial Management
Harris County
Mike Hagar
Asst. Supt, of Business &Finance
Alamo Heights ISD
Heather Hurlbert
Director of Finance
City of San Marcos
Texas CLASS Advisory Board
Art Alfaro
Qualified
Non -Participant
Art Martin
Chief Financial Officer
Slaton ISD
Mark Burton
President
Burton Accounting, PLLC
Roger Roecker
Qualified
Non -Participant
Smay not equal 10090 due to rounding. Performance results are shown net of all fees and
expenses and reflect the reinvestment of dividends and other earnings. Many factors affect performance including changes in market conditions and interest rates and in response to other economic,
political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. A
'AAAm' rating by S&P Global Ratings is obtained after 5&P evaluates a number of factors including credit quality, market price exposure, and management. Ratings are subject to change and do not
remove credit risk. Past performance is no guarantee of future results. Any financial antl/or investment decision may Incur losses.
monthly yield. "Data as of June 30, 2020. Data unaudited. Charts
Invest with Texas CLASS
Investing with Texas CLASS could mean more for your local community.
Use the Texas CLASS investment calculator to see just how much you could have earned.
Texas CLASS
Texas CLASS Government
Amount Invested Amount Invested
Si,000000 51,000,000
StartDate Start Date
You would have earned You would have earned
September 1, 2019 $13,77 7.34 September 1, 2019 $11,15 3.65
End Date End Date
on your investment if you started on — on your Investment If you started on
Sptember 1, 2020 September 1, 2020
e
�- September 1, 2019 _ September 1, 2019
Investment Fund Investment Fund
Texas CLASS v' Texas CLASS Government v�
$100K $1M $10M � � j $100K $1M $10M
6 months $394 $3,938 $39,385 6 months $227 $2,268 $22,678
12 months $1,378 $13,777 $137,773 12 months $1,115 $11,154 $111,536
2019-2020 Texas CLASS Average Monthly Yields Contact Us
Month Year Texas CLASS Texas CLASS Government
August 2020 0.3186% 0.1896%
July 2020 0.4547% 0.2567%
June 2020 0.5899% 0.3122%
May 2020 0.7572% 0.3716%
April 2020 1.0995% 0.5259%
March 2020 1.4668% 1.0409%
February 2020 1.7710% 1.6068%
January 2020 1.8582% 1.6073%
December 2019 1.8808% 1.6419%
November 2019 1.9380% 1.6971%
October 2019 2.0878% 1.9278%
September 2019 2.2048% 2.1482%
Danny King
Manager
danny.kingCtexasclass.com
(512) 914-6104
Karen Proctor
Regional Director
karen.proctor@texasclass.com
(214) 458-1835
Tony Sekaly
Regional Director
tony.sekalyC2jtexasclass.com
(713) 502-8575
Source: Public Trust Advisors Data unaudited. Values presented may
not add up precisely to absolute figures due to rounding. Performance
results are shovm net of all fees and expenses and reflect the
reinvestment of dividends and other earnings. klany factors affect
performance including changes in market conditions and interest rates
and in response to other economic, political, or financial developments.
Investment involves risk including the possible loss of principal. No
assurance can be given that the performance objectives of a given
strategy will be achieved. Past performance is no guarantee of future
results. Any financial and/or Investment decision may incur losses.
Texas CLASS I T (800) 707-6242 I F (855) 848-9910 I info@texasclass.com I www.texasclass.com
\
S°
Registration Packet
S°
Registration Packet
Texas
ClL �� Texas Cooperative Liquid Assets Securities System Trust
Welcome to Texas CLASS
We believe you have made a sound financial decision in choosing the Texas Cooperative Liquid Assets
Securities System Trust (Texas CLASS). We look forward to being your trusted provider and are excited to
connect with you to make your investment process a positive, easy experience.
Texas CLASS is a short-term, highly liquid investment program designed specifically for public -sector funds.
It provides the opportunity to invest funds on a cooperative basis in short-term investments that are
carefully selected to provide maximum safety and liquidity while generating a competitive yield.
This packet contains all the materials necessary to set up your Texas CLASS account(s). If you have any
questions about the registration process or about your Texas CLASS account(s), please do not hesitate to
contact us. The Texas CLASS Client Service team can be reached any business day from 8:30 a.m. to 4:30
p.m. CT by phone at (800) 707-6242 or by email at clientservicesO)texasclass, corn .
Thank you for choosing Texas CLASS!
Sincerely,
The Texas CLASS Board of Trustees
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 1
Texas
CLTexas Cooperative Liquid Assets Securities System Trust
Registration Procedures
To join Texas CLASS, please complete the following:
1) Read the Trust Agreement (A copy can be found on www.texasclass.com).
2) Pass the resolution authorizing participation in Texas CLASS (page 3 and 4).
3) Adopt the Trust Agreement by signing Exhibit D (page 5).
4) Complete the Entity Registration (page 6).
5) Complete the Authorized Contacts Form (page 7/8).
6) Complete the Account to be Established Form; you may open as many accounts as you wish (page 9).
7) Keep the original forms for your records, and send the completed packet to the Texas CLASS Client
Service team by fax (855) 848-9910 or by email clientservices(@texasclass.com.
Questions? Please contact us; we would love to hear from you!
Texas CLASS Client Service Team
T (800) 707-6242
clientservices(&texasclass.com
717 17th Street, Suite 1850
Denver, Colorado 80202
T (800) 707-6242
F (855) 848-9910
Page 2
clientservices@texasclass.com
www.texasclass.com
Texas
CI 5 Texas Cooperative Liquid Assets Securities System Trust
Resolution to Participate
WHEREAS, the Public Funds Investment Act, Texas Government Code, Section 2256.001 et seq. (the
Act) requires the governing body of each local government in this state to adopt investment policies in
accordance with the terms of the Act; and
WHEREAS, pursuant to the requirements of the Act, the City Council (the Governing Body) of the
City of Anna (the Local Government) has previously reviewed and adopted an
investment policy (the Policy) that provides in part that the funds of the local government will be invested
in investments permitted by the Act in order to: (i) invest only in investments legally permitted under Texas
law; (ii) minimize risk by managing portfolio investments so as to preserve principal and maintain a stable
net asset value; (iii) manage portfolio investments to ensure that cash will be available as required to finance
operations; and (iv) maximize current income to the degree consistent with legality, safety, and liquidity;
and
WHEREAS,
Alan Guard
Government; and
pursuant to the Policy and the Act, the Local Government has appointed
(the Investment Officer) to act as the investment officer of the Local
WHEREAS, the Act provides that funds under the control of a Local Government may be invested
through investment pools meeting the standards of Section 2256.016 of the Act; and
WHEREAS, the Local Government has received and reviewed the Information Statement, dated
December 2016 (the Information Statement), of Texas Cooperative Liquid Assets Secures System Trust
(the Program), an investment pool administered by Public Trust Advisors, LLC that sets forth the information
required by Section 2256.016(b) of the Act; and
WHEREAS, the Local Government has determined that the investments proposed to be acquired by
the Program are of a type that are permitted by the Act and are consistent with the Policy; and
WHEREAS, the Local Government has determined that an investment in the Program will assist the
Local Government in achieving the goals set forth in the Policy and will tend to preclude imprudent
investment activities arising out of investment transactions conducted between the Local Government and
the Program; and
WHEREAS, the Local Government understands that the Program operates through the Eighth
Amended and Restated Trust Agreement dated as of April 8, 2019 (the Trust Agreement), that provides the
terms on which the Program will operate and the rights of the Participants in the Program and sets forth the
responsibilities of Public Trust Advisors, LLC as the administrator of the Program (the Administrator) and of
Wells Fargo Bank as custodian (the Custodian);
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 3
Texas
CFJ
L Texas Cooperative Liquid Assets Securities System Trust
NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE LOCAL GOVERNMENT:
That the form, terms, and provisions of the Trust Agreement, a draft of which was presented and
reviewed at this meeting, providing for the creation of the Program and for the rights of the Program
Participants and the duties and responsibilities of the Administrator be and the same are hereby approved
and adopted; and that the Investment Officer be and he or she is hereby authorized and directed to execute
and deliver to the Administrator and the Custodian in the name and on behalf of the Local Government a
participation certificate evidencing the agreement of the Local Government to be bound by the Trust
Agreement substantially in the form of the Trust Agreement reviewed and approved at this meeting, together
with such changes therein as may be approved by the said officer, such approval to be conclusively
evidenced by the execution thereof; and be it further
Resolved that the investment program established by the Trust Agreement is hereby found and
determined to be consistent with the Policy and to preclude imprudent investment activities arising out of
investment transactions conducted between the Local Government and the Program; and be it further
Resolved that the Governing Body hereby officially finds and determines that the facts and recitations
contained in the preamble of this Resolution are true and correct; and be it further
Resolved that the Governing Body hereby finds and declares that written notice of the date, hour,
place, and subject of the meeting at which this Resolution was adopted was posted for the time required by
law preceding this meeting and that such meeting was open to the public as required by law at all times
during which this Resolution and the subject matter thereof were discussed, considered, and formally acted
upon all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and
the Act; and be it further
Resolved that the officers of the Local Government, and each of them, shall be and each is expressly
authorized, empowered, and directed from time -to -time to do and perform all acts and things and to
execute, acknowledge, and deliver in the name and under the corporate seal and on behalf of the Local
Government all certificates, instruments, and other papers, whether or not herein mentioned, as they may
determine to be necessary or desirable in order to carry out the terms and provisions of this Resolution and
of the Trust Agreement hereby authorized and approved, such determination to be conclusively evidenced
by the performance of such acts and things and the execution of any such certificate, financing statement,
instrument, or other paper; and be it further
Resolved thaj:thi�R
�Gt �
Authorized Signature
Authorized Signature
717 17th Street, Suite 1850
Denver, Colorado 80202
shall take
in full force upon and after its passage.
•''� � '•t�Se, Mayor
[42it� ir1,tedN
ame
"T arrieLnd, City Secreta
�a�Ne •• ...••P ntoa Name
T (800) 707-6242 clientservices@texasclass.com
F (855) 848-9910 www.texasclass.com
Page 4
Texas
CLTexas Cooperative Liquid Assets Securities System Trust
Exhibit D - Participation Certificate
The undersigned City of Anna (the Local Government) does hereby request
that it be admitted as a Participant pursuant to Section 2.3 of the Eighth Amended and Restated Trust
Agreement (the Agreement) dated as of April 8, 2019, by and between the Participants, Wells Fargo Bank
as Custodian, and Public Trust Advisors, LLC. By executing this Participation Certificate, the undersigned
agrees that, upon the execution hereof by the Program Administrator, it will become subject to the same
obligations and shall have the same rights as if it had executed the Agreement.
The undersigned hereby certifies that Aian Guard (the Investment Officer)
is the duly designated Representative of the undersigned as required by the Agreement.
The undersigned hereby certifies that its governing body has taken all actions required by Section
2256.016 of the Public Funds Investment Act, Texas Government Code, for it to participate in the Trust
created by the Agreement.
rifiGriTiF1
Signature
Z.�
City Manager
Title
Accepted by Administrator (to be completed by Texas CLASS):
Signature Date Title
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 5
was
ClL �� Texas Cooperative Liquid Assets Securities System Trust
Entity Information
Entity Name (Participant)
Entity Type: � City/Town
Trust Registration
of Anna
❑ Other (Specify)
Mailing Address PO Box 776
Clty Anna
Tax ID 1-75-1680420-4
The City of Anna
portfolio:
❑ County ❑School District ❑Special District
Zlp 75409-0776
County Collin
Fiscal Year End Date (Month/Day)
❑ Texas CLASS
❑ Texas CLASS Government
Q Both
September 30
(the Local Government) hereby wishes to invest in the following
Texas CLASS is hereby authorized to honor any telephoned, faxed, or electronic request believed to be
authentic for withdrawal of funds. The withdrawal proceeds can be sent only to the banks) indicated below
unless changed by written instructions. Each local government is responsible for notifying Texas CLASS of
any changes to its account.
Banking Information
Bank Name
Account Title
Bank Contact
❑ Wire ❑ ACH ❑ Both
Additional Banking Information (Optional)
Bank Name
Account Title
Bank Routing Number (ABA)
Account Number
Contact's Phone Number
Bank Routing Number (ABA)
Account Number
Bank Contact Contact's Phone Number
❑Wire ❑ACH ❑Both
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 6
was
CLTexas Cooperative Liquid Assets Securities System Trust
Authorized Contacts
Representative and Authorized Signer
❑ Mr. ❑ Ms. Alan Guard
Print First and Last Name
Signature Required
aguard@annatexas.gov
Email
Email Notifications
❑✓ Monthly Statements
ETransaction Confirmations
Additional Contact (Optional)
❑Mr
Ms. Ryan Henderson
Last Name
'y('Signature Required if Authorized Signer)
rhendrson@annatexas.gov
Email
Permissions (must check one)
DAuthorized Signer to Move Funds*
❑ Read -Only Access
Additional Contact (Optional)
❑ Mr. ❑ Ms, Sheila Alexander
Print First and Last Name
*(Signature Required if Authorized Signer)
Email
Permissions (must check one)
❑Authorized Signer to Move Funds*
F1Read-onlyAccess
Finance Director
Title
214-831-5371
Phone
972-924-2620
Fax
Online Account
0 Online User Access
Assistant City Manager
Title
214-831-5303
Phone
972-924-2620
Fax
Email Notifications
Online Account
OMonthly Statements
OTransaction Confirmations
Accounting Manager
Title
214-831-5375
Phone
972-924-2620
Fa x
Email Notifications
OMonthly Statements
❑� Transaction Confirmations
DOnline User Access
Online Account
❑Online User Access
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 7
Texas
CIL �� Texas Cooperative Liquid Assets Securities System Trust
Authorized Contacts (cont.)
Additional Contact (Optional)
❑ Mr. ❑ Ms.
Print First and Last Name
*(Signature Required if Authorized Signer)
Email
Permissions (must check one)
❑ Authorized Signer to Move Funds*
❑ Read -Only Access
Additional Contact (Optional)
❑ Mr. ❑ Ms.
Print First and Last Name
*(Signature Required if Authorized Signer)
Email
Permissions (must check one)
❑ Authorized Signer to Move Funds*
❑ Read -Only Access
Additional Contact (Optional)
❑ Mr. ❑Ms.
Print First and Last Name
*(Signature Required if Authorized Signer)
Email
Permissions (must check one)
❑Authorized Signer to Move Funds*
❑ Read -Only Access
Title
Phone
Email Notifications
❑ Monthly Statements
❑ Transaction Confirmations
Title
f]it.7'i�
f:Fi,7
Email Notifications
❑ Monthly Statements
❑ Transaction Confirmations
Title
Phone
Fax
Email Notifications
❑ Monthly Statements
❑ Transaction Confirmations
Online Account
❑ Online User Access
Online Account
❑ Online User Access
Online Account
❑ Online User Access
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Texas
CIAS
Entity Name: City of Anna
Texas Cooperative Liquid Assets Securities System Trust
Accounts to be Established
Texas CLASS Accounts
Desired Subaccount Name(s)*:
(To be completed by Participant)
Operating Pooled Funds
2018 Bond Fund
*Name must be limited to 30 characters.
717 17th Street, Suite 1850
Denver, Colorado 80202
Texas CLASS Government Accounts
Desired Subaccount Names)*:
(To be completed by Participant)
T (800) 707-6242
F (855) 848-9910
Page 9
clientservices@texasclass.com
www.texasclass.com
Texas
ClL �� Texas Cooperative Liquid Assets Securities System Trust
How did you hear about Texas CLASS?
❑ Texas CLASS Representative:
❑ Referral by: Aian Guard
❑ Texas CLASS Website
❑ Email
❑ Google Search
❑ Other:
717 17th Street, Suite 1850 T (800) 707-6242 clientservices@texasclass.com
Denver, Colorado 80202 F (855) 848-9910 www.texasclass.com
Page 10