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Board hears Collins scholarship fund update; presenter recommends reinvesting maturing CD
Summary
Trustees heard a Collins scholarship fund update showing year‑end market value around $468,550 and total fund assets near $22.9 million; presenter recommended reinvesting an upcoming $240,000 CD and noted several additional maturities later in the year.
The Corsicana ISD board received an update on the Collins scholarship fund at its January meeting and was advised to consider reinvesting a CD maturing next month, the presenter said.
The presenter reviewed the fund composition and returns: a year‑end market value for the Collins scholarship fund listed at $468,550 in the packet, taxable bond holdings around $9.6 million (about 42% of the…
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