Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears strong fund balance, approves Trustmark as depository pending paperwork
Summary
Finance staff reported a nearly $39.5 million fund balance (about 53% of budget) and noted ad valorem receipts and casino revenue. After verifying proof of publication, the board approved Trustmark Bank as district depository for a three-year term beginning July 1, 2026.
District finance staff presented the monthly financial report and the board approved a depository recommendation after clarifying public‑notice steps.
Mr. Green presented March financials: roughly $13.2 million in revenue, $5.66 million in expenditures and a fund balance of $39,457,464, which he said represents an approximate 53% fund-balance rate. Board members discussed the statutory minimum reserve (7.5%) and industry guidance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
