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Mooresville board approves $23.2M investment report, designates depositories and moves $2.32M to rainy-day fund
Summary
The school board approved its 2026 investment report showing $23,185,278.71 in accounts and $713,363.15 earned in interest for 2025, confirmed three depositories for 2026, and approved a $2,316,741.20 transfer from the Operation Fund to the Rainy Day Fund.
At its Jan. 13 meeting the Board of School Trustees approved the district's 2026 investment report and several finance actions presented by Dr. Biggerstaff.
The report showed total account value of $23,185,278.71 and total interest earned in 2025 of $713,363.15. Dr. Biggerstaff detailed earnings by account, including Home Bank certificates of deposit (EOY value…
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