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Finance update: Perryton ISD cautions on disbursement totals, notes bond interest and an arbitrage reserve
Summary
District staff warned that large disbursement line items can overstate monthly spending because funds are held in CDs; they reported interest tied to recent bond sales of about $2,000,000 and reminded the board of a roughly $150,000 arbitrage projection to reserve.
A district representative reviewed the district's financial pages, cautioning that large totals on the disbursement report (for example, entries showing roughly $8,000,000 and $7,000,000 on different pages) can be misleading: some funds are moved into certificates of deposit (CDs), which makes it appear as if the district is spending the money monthly when it is maintaining reserves.
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