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Finance staff: district earned more than $2 million in quarter; investments prioritized for security
Summary
At the Aug. 23 Harnamapapa Schools board meeting finance staff reported the district earned over $2 million in interest in the quarter and described an investment strategy prioritizing principal security, liquidity and yield; the report was informational and required no board action.
Finance staff presented an investment report at the Aug. 23 Harnamapapa Schools board meeting, saying the district earned more than $2,000,000 in interest during the most recent quarter and that investment strategy prioritizes preservation of principal.
The presentation covered beginning and ending balances, inflows and outflows of restricted and…
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