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McCombs board presses for clearer investment reporting, invoice itemization ahead of budget hearing
Summary
At its June 2 work session, the McCombs School District discussed proposed policy revisions to require board review of district investments and asked staff for clearer, itemized invoices ahead of a June 9 public budget hearing.
McCombs School District trustees on June 2 pressed district staff to give the board clearer financial detail — including itemized invoices and regular reports on investment returns — ahead of the district’s June 9 public budget hearing.
Board members said they want any district investments and their returns reported in the district’s budgeting documents so trustees can track gains and losses. One trustee said quarterly profit-and-loss reporting would improve transparency and permit ongoing oversight, rather than a single annual summary.
“Whenever…
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