Sherman ISD presents annual investment report; interest income rose after 2023 bond issuance

Mandy presented Sherman Independent School District’s annual investment report for the period ending June 30, 2025, summarizing where the district holds funds, recent interest performance and compliance steps required by state law.

The presentation explained that the district keeps its general fund, debt‑service fund and capital projects fund separate and invests across several commonly used investment pools and insured cash sweep accounts to protect public funds. Mandy reported that interest earnings rose substantially after the district issued bonds in 2023 because the capital projects fund increased. She described insured ‘‘cash sweep’’ accounts that distribute deposits across multiple banks under FDIC limits and said sweep account rates ranged roughly from 3.5% to 5.5% during the reporting period.

Mandy also noted the district’s investment officers attended the eight‑hour Public Funds Investment Act training in January 2025 (training valid for two years), which allows them to serve as authorized investment officers under state rules. The presenter said the district is not recommending any changes to current board policy governing investments at this time.

Why it matters: Investment policy and oversight affect how taxpayer dollars are preserved and available for operations, bonds and capital projects. The board receives this report annually to provide transparency and confirm compliance with state investment rules.

Questions and outcome: Trustees asked clarifying questions and complimented the staff on returns; no policy changes or board action were requested during this presentation.

Next steps: The report was provided for the board’s information; staff will continue monitoring investments and report back as required by policy.