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Board reviews investment report, fund balances and banking designations; investment policy unchanged
Summary
Board members reviewed the 2025 investment report and 2024 financial indicators: about $436,000 in interest income was reported, two six-month CDs held for May–June cash needs, and capital funds rose roughly $3,000,000 from the 2024 bond. The board confirmed current bank relationships and recommended no changes to investment policy.
The Jennings County School Corporation Board of Finance reviewed its 2025 investment report and the corporation's 2024 financial indicators during the annual meeting.
A presenter summarized the investment strategy and recent transactions: the corporation purchased short-term certificates of deposit to capture higher rates, and a CD bought in late December will support an HVAC project at Brush Creek (and a portion of Scipio). The presenter reported "right at $436,000 in interest income…
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