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Canyon ISD board approves March financial report, budget amendment and first 2‑year depository extension
Summary
The board unanimously approved the district’s reconciled financials as of March 31, a set of year‑end budget amendments, and the first two‑year extension of the depository contract with Happy State Bank; staff also flagged investment balances, tax-collection rates and a potential small defeasance.
Canyon ISD trustees on May 12 approved the district’s monthly financial report reconciled through March 31, authorized a year‑end budget amendment and approved a two‑year extension of the school district’s bank depository contract with Happy State Bank.
Those actions matter because they govern near‑term cash management, the finishing of facility work and the legal banking relationship that holds the district’s day‑to‑day operating funds.
Leila presented the monthly financials, reporting $73 million in cash and investments across depository and pool accounts and roughly $1.7 million in year‑to‑date interest income with interest rates “right around about…
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