Upcoming Agenda Item 26-924A for March 25, 2026: Authorizing Supplemental Agreement No. 2 with Meeder Public Funds, Inc. for Investment Advisory Services [City Controller’s Office]

The City Council is considering authorizing a second one-year extension for investment advisory services with Meeder Public Funds, Inc. through Supplemental Agreement No. 2. This extension, running through March 25, 2027, will cost not to exceed $204,000. Meeder has been providing services since April 13, 2022, to assist the City Controller’s Office in managing the City’s investments, valued at approximately $4.24 billion as of December 31, 2025. Their services include reviewing investment activity, conducting analysis, evaluating options, providing advice, performing market research, valuing securities, and attending quarterly Investment Committee meetings. Meeder's services are non-discretionary, requiring City staff approval for any trade execution. All activities must comply with the Texas Public Funds Investment Act, the City’s Investment Policy approved on November 12, 2025, and other City directives.