Griffith board approves investment policy, hears $184,853 interest report and cancels stale checks

The Griffith Public Schools Board of Trustees, meeting in a combined Board of Finance session, approved board policy 6144 covering investment income, formally designated the district’s investment officer and approved a resolution to cancel stale-dated checks.

The approvals came after Speaker 4 presented the district’s 2025 investment report. "For the main operating account, this year, the interest earned just on our bank accounts was a $184,853.19," Speaker 4 said, noting that figure represents a "28% increase over last year." Speaker 4 also reported food-service interest of $16,040.38, "a slight decrease of 4%."

The board acknowledged the investment report and voted to approve the investment policy and the designation of the chief financial officer as the district’s investment officer. The board also reviewed the district’s banking relationships and acknowledged Centier Bank in Griffith and Centier in Maryville as the district’s treasury management offices.

Speaker 4 explained the request to cancel stale-dated checks dating back to 2023 and asked the board to approve a resolution (filed as Resolution 2026-2) to receipt those funds back into district accounts. The motion carried on voice vote.

Speaker 4 also summarized the fiscal indicators included in the packet—prepared and labeled in the materials as "DUOB"—and walked trustees through historical trends, noting temporary stimulus funds during the pandemic had inflated balances and that the district now must rely primarily on regular state funding and operational revenues.

The Board of Finance adjourned and the regular board meeting resumed.