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Quinlan ISD reports July cash flow $47.29M; July revenues $509,207 and $214,501 interest earned

Quinlan Independent School District Board of Trustees · August 19, 2024
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Summary

District business officer presented July 2024 financials showing total revenues $509,207.60, expenditures $1,275,075.03, cash flow ending balance $47,292,428.50, and monthly interest earned $214,501.00 (TexPool 5.47%, Lonestar 5.45%).

At the Aug. 19 meeting, Becky Pfeil presented the district's July 2024 budget and investment reports. She reported Total Revenues for July 2024 were $509,207.60 and expenditures were $1,275,075.03, leaving a cash flow ending balance of $47,292,428.50. July tax collections were reported as $226,317.71.

Pfeil also presented the investment summary: monthly interest earned for July 2024 was $214,501.00; TexPool interest rate was listed at 5.4700% and Lonestar at 5.4500% (attachments referenced). The board received these reports as part of its regular financial oversight; no dissent or amendment was recorded in the minutes.

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