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City of Georgetown (Texas)
The City of Georgetown, Texas, is a municipal government providing public administration services. It manages parks and trails, urban growth, and community...
City of Georgetown (Texas)
The City of Georgetown, Texas, is a municipal government providing public administration services. It manages parks and trails, urban growth, and community engagement initiatives. Founded in 1848, the city is based in Georgetown, Texas.
General information
Firm type
Pension Fund
Year founded
1848
Location
Region
North America
Country
United States
City
Georgetown
Corporate office
808 Martin Luther King Jr. St, Georgetown, TX, United States
Principals
Josh Schroeder
Mayor
David Morgan
City Manager
Sector focus
Frequently asked questions
Does the City of Georgetown operate its own electric utility?
Yes. Georgetown owns and operates Georgetown Electric Utility, serving city residents and businesses. The utility is municipally managed outside the ERCOT competitive retail market, which gives the city direct control over generation procurement. In 2015, Georgetown became the largest Texas city to commit to 100% renewable energy via long-term contracts with wind and solar providers.
Who oversees Georgetown's financial and investment decisions?
The seven-member City Council — elected at-large, including the Mayor — sets fiscal policy and approves the annual budget. Council appoints the City Manager, currently David Morgan, who administers daily financial operations. The city's investment policy, adopted by Council, governs the management of general fund balances and enterprise reserves under Texas Public Funds Investment Act guidelines.
What role does the Brazos River Authority play in Georgetown's water infrastructure?
The Brazos River Authority is Georgetown's primary surface water supplier, delivering treated water from Lake Georgetown and other regional sources to the city's North Lake and South Lake treatment plants. This arrangement supplements groundwater rights and supports the municipal water utility serving the city's rapidly expanding residential and commercial base.
Does Georgetown have a publicly reported investment portfolio like a pension system?
No. Unlike state pension funds or university endowments, Georgetown does not market an investable asset pool to external allocators. Its financial resources consist of enterprise fund balances, general fund reserves, bond proceeds, and American Rescue Plan allocations, managed according to a city council-adopted investment policy that prioritizes safety and liquidity under Texas law.
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