PILLAR: Fiscally Sound
AGENDA DATE: March 25, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: City Controller’s Office
PRIORITY: N/A
______________________________________________________________________
SUBJECT
Title
Authorize Supplemental Agreement No. 2 to the professional services contract with Meeder Public Funds, Inc. to exercise the second and final one-year renewal option for continued investment advisory services for the period April 12, 2026, to April 11, 2027- Not to exceed $204,000.00 from $612,000.00 to $816,000.00 - Financing: General Fund (subject to annual appropriations)
Body
BACKGROUND
On April 13, 2022, the City Council authorized an investment advisory services contract with Meeder Public Funds, Inc. (“Meeder”) to assist the City Controller’s Office with managing the City’s investments. Services include review and reporting of investment activity, quantitative analysis, evaluation and presentation of investment options, investment advice, market research and updates, securities valuation, and attendance at the quarterly Investment Committee meetings to review portfolio performance and strategy. The contract excludes investment advisory services for the Dallas Police and Fire Pension System and the Employee Retirement Fund, which are managed by their respective boards. Meeder provides non-discretionary portfolio management services, requiring City staff approval before executing any trade. All activity must comply with the Texas Public Funds Investment Act (Texas Government Code Chapter 2256), the City’s Investment Policy (most recently approved by the City Council on November 12, 2025), investment objectives, and written or oral instructions.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On April 13, 2022, the City Council authorized a three-year consultant contract, with two one-year renewal options, for investment advisory services for the City Controller’s Office - Meeder Public Funds, Inc. dba Patterson & Associates, most advantageous proposer of six by Resolution No. 22-0567.
On February 12, 2025, the City Council authorized Supplemental Agreement No. 1 to the professional services contract with Meeder Public Funds, Inc. to exercise the first of two, one-year renewal options for continued investment advisory services for the period April 13, 2025 through April 12, 2026, by Resolution No. 25-0267.
The City Council was briefed by memorandum regarding this matter on March 13, 2026. <https://dallascityhall.com/government/citymanager/Documents/FY25-26%20Memos/Memo-Meeder-Extension.pdf>
FISCAL INFORMATION
|
Fund |
FY 2026 |
FY 2027 |
Future Years |
|
General Fund |
$102,000.00 |
$102,000.00 |
$0.00 |
OWNER/EXECUTIVE
Meeder Public Funds, Inc.
Bob Meeder Jr, President