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Quinlan ISD reports $49.6 million cash balance; board hears investment update
Summary
Quinlan Independent School District trustees heard October budget and investment reports showing a $49,629,631.74 ending cash balance and approved related routine items. The board reviewed October interest earnings and monthly tax collections.
The Quinlan Independent School District Board of Trustees reviewed the district's October budget and investment reports at its Nov. 18 meeting. Becky Pfeil presented financial figures showing revenues of $4,836,534.76, expenditures of $4,648,612.44 and a cash flow ending balance of $49,629,631.74; taxes collected for October were $641,197.68.
Pfeil also reported October interest earnings of $206,046.00 and year-to-date interest of $821,999.00. She noted reported October rates of 5.0000% for Texpool and 5.0400% for Lone Star. The board took no separate action beyond receipt of the reports.
