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Finance committee reviews interest earnings, CD renewals and small capital-account transfer
Summary
The finance committee received an interest-earnings update showing multiple accounts generated modest interest year-to-date; staff said a small amount of interest from a capital-project account can be transferred to Fund 32 and noted a three-month CD at 4.1% that expires Dec. 12.
The finance committee reviewed year-to-date interest earnings and recent certificate-of-deposit renewals at its Sept. 12 meeting.
District finance staff reported the general fund had earned $4,729.41 (as of Aug. 30) in the 2025-26 year-to-date summary shown to the committee. Staff also reported total interest year to date of $31,622.21 across accounts; the money-market account accounted for about $28,464 of that total. "The general fund CD was just…
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