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Laredo ISD reports higher investment valuations and updates broker list; staff to use pools for liquidity
Summary
The district's third-quarter investment report showed market valuation growth and nearly $12,000 in quarterly interest earnings; trustees reviewed an updated investment strategy and broker-dealer list aligned to board policy and the Public Funds Investment Act.
Miss Ayala presented the district's investment report for the quarter ended March 31, 2025, reporting total interest earnings for the quarter of $11,935.77 and year-to-date interest earnings of $5,797,252 (valuation totals for invested funds were discussed on screen).
Ayala said the district uses pooled investments for liquidity and is working with PNC for transactional banking and FHN for longer-term investments; she noted staff balance transaction fees and liquidity needs to cover operations and construction projects. Trustees asked how the interest earnings compared with the prior fiscal year; Ayala said she would provide a direct comparison after the meeting.
The board also reviewed updated investment strategies and a broker-dealer list required annually under board policy CDA (legal/local) and the Texas Public Funds Investment Act. Ayala said language updates aligned the strategy to TASB-provided policy language; trustees had no objections and asked clarifying questions about the dealer list and procurement of investment services.
Staff said they will provide additional comparison figures requested by trustees and continue to manage short-term liquidity through pools to limit transaction costs while ensuring cash is available for payments from the state and for construction disbursements.
