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District reports January finances; bond sale successful, recommends investment manager for bond proceeds
Summary
Treasury staff told the board the district received a $561,475.01 quarterly income-tax payment, reported matured securities, an anonymous $70,000 donation, and that bonds sold with demand exceeding supply; staff recommended Meter Public Funds to invest bond proceeds.
The Norwalk City School District finance staff reported January 2025 financial activity at the Feb. 12 board meeting, including the arrival of a $561,475.01 quarterly income-tax payment, reinvestment decisions for matured securities, an anonymous $70,000 donation and details about recently sold district bonds.
Why it matters: the district’s liquidity and bond proceeds determine its ability to fund capital projects and debt service; the finance presentation outlined cash-flow decisions and recommended an investment manager to handle bond proceeds when they arrive in March.
Highlights from the January…
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