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Harmony Public Schools board reviews quarterly investment report showing $1.25 million in quarter interest; projects $6.5 million annual interest
Summary
At the Feb. 22 meeting the board reviewed the district's quarterly investment report for Oct.‑Dec. 2024 outlining $1,253,910 in interest earned for the quarter and an expected roughly $6.5 million for the year; no formal action was taken on the report.
The Harmony Public Schools — Houston South board reviewed the district’s quarterly investment report for the period Oct. 1–Dec. 31, 2024 during its Feb. 22 meeting. The presenter said the district reported $1,253,910 in interest earnings for the quarter and that the district expects approximately $6.5 million in interest earnings for the year.
The presenter noted that the district follows its investment policy by bringing quarterly reports within 60 days of the quarter end and that the portfolio is diversified, primarily in government securities. The report included details on inflows, outflows and maturity dates for the instruments used to earn interest.
Board members had no substantive questions during the review and the item was noted on the record for the finance committee; no vote or formal board action was required on the report at the meeting.
