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Tri Creek reports $546,653 in interest earnings; treasurer flags changing rates, fiscal indicators
Summary
Treasurer Dana presented an investment report showing $546,653.11 in interest earned during the year and reviewed state fiscal indicators, enrollment trends and voucher impacts. The board accepted the report and staff said they will bring investment recommendations to the February meeting.
Tri Creek School Corporation Treasurer Dana told the board Thursday that the district earned $546,653.11 in interest during the year, with the education fund receiving $447,265 and food service about $99,000. The board voted to accept the investment report.
Why it matters: the district’s investment income has been a meaningful one-time boost to operating resources, but Dana said interest rates are starting to dip and staff have issued requests for proposals to lock short- and long-term yields. Board acceptance of the report keeps district staff authorized to proceed with the investment and cash-management strategy until the board reviews formal recommendations.
Dana said the district has kept cash in a…
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