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Board accepts investment report and approves $1.4M transfer to operations fund
Summary
Board members accepted the annual investment report showing roughly $464,000 in interest earned in 2025 and approved resolutions authorizing local banks for investments and transferring $1,400,000 from the education fund to the operations fund.
Staff member (S1) presented the district's annual investment report (Tab C), telling the board that while the district historically earned $30,000–$40,000 in interest, the district earned $464,000 in interest in 2025. "Currently... in 2025, we made $464,000 in interest," S1 said and asked the board to approve the report; the board voted to accept it.
Following the investment report, the board approved a Board of Finance resolution to authorize the listed local banks for district deposits and investments. The board also approved a resolution to transfer $1,400,000 from the education fund to the operations fund for 2025, describing the transfer as consistent with prior years' practice and permitted by state statute as discussed verbally by staff.
