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Quinlan ISD reports $193,620 in interest for September; Texpool and Lone Star rates exceed 5%

Quinlan Independent School District Board of Trustees · October 21, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CFO Rebecca Pfeil said the district earned $193,620 in interest for September 2024 and $615,953 year-to-date, citing a Texpool rate of 5.0400% and Lone Star rate of 5.1500%.

At the Oct. 21 meeting, Rebecca Pfeil summarized the district's investment earnings for September 2024.

"The monthly interest earned for September 2024 was $193,620.00, with the budget year to date earnings as $615,953.00," Pfeil said, noting specific program rates: "The interest rate was 5.0400% for Texpool and 5.1500% for Lone Star." The figures were presented alongside the budget report and supporting attachments.

Board members received the investment update as part of routine financial oversight. No additional motions or policy changes related to investments were taken at the meeting.

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