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County reports $233,004.31 in second-quarter interest; staff sets proposal timeline
Summary
A county finance staff member reported second-quarter interest earnings and year-to-date totals, and staff said they would post a request for proposals today to close on the 28th and open proposals the first Monday of next month.
A county finance staff member told the Commissioners Court that the county earned $233,004.31 and 42 cents in interest in the second quarter and that year-to-date interest income was $443,002.86 (as spoken in the meeting). The finance staff member said the general fund accounted for the largest share of year-to-date interest.
Why it matters: interest earnings affect available revenue and cash-flow planning for county budgets. Tracking quarterly and year-to-date interest helps the county monitor investment…
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