The town of Frisco approved a resolution officially adopting the 2022 budget at its meeting Tuesday, Oct. 26. The projected total fund balance for 2022 is $22.15 million, with all funds meeting their required reserves..
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Frisco will be taking a deeper look into environmentalism and other social factors as it examines its investments moving forward.
The Frisco Town Council dove into potential changes to the town’s investment strategy during a work session discussion Tuesday, Feb. 23, focusing on whether to add additional criteria to its decision-making matrix when it comes to investing taxpayer dollars.
Frisco has invested $27.6 million in public funds, all of which is broken up into three types of holdings: 78% into local government investment pools, 18% into certificates of deposits (CDs) and 4% into U.S. treasuries and agencies. The town traditionally has followed three criteria for smart investing, which look into safety, liquidity and yield. During the meeting Tuesday, officials discussed adopting a fourth criterion known as an ESG framework, or environmental, social and governance framework.