Treasurer reports lower investment returns for 2025; district plans transparency portal
Summary
Treasurer Matthew Erwin told the board that total investment interest for 2025 was $1,410,319.02, about $579,000 lower than the prior year, and announced continued quarterly reporting and a planned financial transparency portal. Major Trust Company’s Q4 report was not available for the packet, and one balance figure in the transcript was unclear.
Matthew Erwin, the Monroe County Community School Corporation treasurer, told trustees the district earned $1,410,319.02 in total interest on investments for calendar year 2025 and that interest income fell by about $579,000 from the previous year as market rates declined.
Erwin said the district used Old National and Major Trust Company for investments during 2025 and that Major Trust’s quarter-four report was not received in time to include in the packet. He described the state-required fiscal indicators reporting under Indiana Code 20 19 7 4 and said the corporation posts historical indicators on the state site (which lags to 2024) while providing additional quarterly financial transparency updates to the public.
Erwin said the district has provided quarterly public updates this year with contributions from Dr. Winston and another staff member (John, as referenced in the report), and he announced plans to create a financial transparency portal to help the public better understand school finances. Board members did not ask follow-up questions during the meeting.
Clarifying details in the meeting packet and transcript show the $1,410,319.02 interest figure and the approximately $579,000 year-over-year decline; the transcript records an Old National balance in a garbled line that could not be reliably transcribed, so the exact year-end balance reported in the spoken record is not specified here. Major Trust Company’s Q4 account detail was noted as missing from the packet.
