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Wichita County treasurer reports $43M-plus in pooled cash and steady interest income
Summary
Treasurer Steven Jones presented the Dec. 31 report showing pooled balances above $43 million, interest income in the low millions, and long-term debt schedules; commissioners discussed ARPA interest accounting and noted the county is fiscally stable going into 2026.
Wichita County Treasurer Steven Jones presented the county's December 2025 financial report, reporting pooled cash balances of more than $43,000,000 as of Dec. 31 and citing recent large receipts that pushed balances higher.
Staff explained transfers into American National and TEXAS CLASS accounts to increase interest earnings and said interest income for 2024 totaled just under $3.5 million while 2025 interest from pools and accounts is roughly $2.4–$3.0 million depending on long-term assets realized. Jones and staff said the county budgeted $1.5 million for jail meals in 2026 and that long-term debt payments are scheduled with the first 2026 payment due in March; staff said interest-sinking accounts already contain funds to cover March obligations.
Commissioners asked about ARPA accounting and audit findings. Staff said prior reporting issues around ARPA funds related to presentation rather than improper spending, that the issues have been corrected, and that the office can provide detailed breakout of interest versus principal should state or federal audit questions arise. Commissioners described the county's stronger fiscal position compared with recent years and noted several debt paydowns completed during this court's term.
The court received the report; there was no separate vote on the treasury report.
