Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
District reports $921,000 in January interest; nearly $110M collected in tax receipts
Summary
Del Valle ISD reported a 3.82% weighted average portfolio yield, $921,000 interest earned in January and almost $110,000,000 in January net tax collections; year‑to‑date expenditures were about 59% of budget, staff said.
District finance staff summarized the monthly financial position for the period ending January, reporting a weighted average investment yield of 3.82% and interest earnings for the month of $921,000. Ms. Edgar said the district’s liquidity posture is conservative, with most instruments maturing in 0–1 years and a small portion in longer‑term vehicles.
Ms. Edgar told the board tax collections are concentrated at the end of January: “We collected a total of almost $110,000,000 in net collections with the majority of that coming in at the very end of January.” She said year‑to‑date expenditures were about 59% of budgeted amounts and that instructional services (Function 11) remains the largest area of investment.
