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Corsicana ISD reviews investment policy, approves resolution covering roughly $233 million in investments
Summary
The board reviewed its investment policy under the Public Funds Investment Act and approved a resolution confirming the annual review; presenter reported about $233 million invested—roughly $195 million tied to bond proceeds—and described liquidity and monitoring practices.
The Corsicana ISD Board of Trustees on May 11 reviewed its investment policy and approved a resolution stating the board had reviewed investment strategies required under the Public Funds Investment Act.
Sean Case, presenting the investment overview, told the board the district had "a little over $233 million invested," with about $195 million consisting of bond proceeds. He described the distribution of funds across pools, noting about $22 million in general operating funds and smaller balances for child nutrition and scholarships.
Case outlined the district's use of five investment pools, saying three of the five offer slightly higher rates (about 3.76–3.77 percent) while one pool (TexPool) yielded roughly 3.65 percent. He emphasized liquidity and monitoring practices, saying staff receive daily rate alerts and that funds invested in pools are liquid—available the same day via wire or typically within 24 hours via ACH.
Case also referenced the Public Funds Investment Act and the district's local policy; the board received a copy of the resolution documenting the required annual review and noting whether changes to policy were proposed. After discussion, a board member moved to approve a resolution that the board had reviewed the investment policy and strategies; the motion carried by voice vote.
What happens next: The resolution documents the annual review required by state law; staff will continue routine monitoring and training required by statute.
