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District reports $12.3 million interest earnings; money-market holdings grow to about $425 million
Summary
Finance committee heard an investment update for April–June 2025 showing roughly $12.3 million in interest earnings, a portfolio mix weighted heavily to money-market funds and local government pools, and staff said earnings flow into next year’s budget.
Mr. Turnbull, one of the meeting presenters, told the Board of Education Finance Committee on Aug. 27 that the district’s investment portfolio for April 1–June 30, 2025, produced approximately $12,300,000 in interest earnings and that the portfolio’s book yield decreased slightly from 4.31% to 4.26% for the period. "Interest earnings were approximately 12,300,000.0," Mr. Turnbull said. He reported the portfolio mix as roughly 47% money-market funds, 24% treasury and agency securities, and 24% in the local government investment pool. He…
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