city-of-grey-forest-guajolote-oversight-committee-report_4d0.pdf
City Urged To Limit Jefferson Bank Balance And Invest Surplus
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Description
Grey Forest currently maintains its operating funds in a Jefferson Bank account earning approximately 1.75% interest. The oversight committee recommends retaining only a small transactional balance at Jefferson Bank and reallocating excess cash to higher‑yielding TexPool investments.
Contract Details
Vendor
JEFFERSON BANK
Agency
City of Grey Forest, TX
Contract Type
FINANCIAL_SERVICES
Document Date
August 26, 2025
Renewal Info
Existing depository relationship for the city’s operating account; no changes to the core banking contract are proposed, only a reduction of average balances.
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