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Board approves consent agenda, quarterly investment report shows $101,396.40 in interest
Summary
Trustees approved the consent agenda including March 26 minutes, a quarterly investment report reporting $101,396.40 in interest for the third quarter ending March 31, 2026, reauthorization of State of Texas cooperative purchasing membership and selection of Armstrong, Vaughn and Associates to audit FY2026.
The Randolph Field ISD Board approved the Consent Agenda without objection April 16, which included minutes, financial reports, procurement membership and auditor selection.
Ms. Lorrie Remick presented the Quarterly Investment Report for the period ending March 31, 2026: interest earnings for the third quarter totaled $101,396.40 and the market value of investments stood at 100.00% of book value; investments met the district's strategy of safety and were purchased to be held until maturity. The board also reauthorized participation in the State of Texas Cooperative Purchasing Program (annual fee $100) and accepted an engagement letter from Armstrong, Vaughn and Associates, P.C. to audit the fiscal year ending June 30, 2026.
The minutes include statutory citations associated with cooperative purchasing: Section 271.081–271.083, Local Government Code, and Sections 2155.202 and 2175.001(1) of the Texas Government Code. No board member requested items be removed from the consent agenda before approval.
