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Sinton ISD reports roughly $66 million in investments, $4.59 million interest revenue for fiscal year
Summary
Assistant Superintendent Melissa Villarreal presented district investment reports showing approximately $66.0 million in investments for August 2024 and $4,586,977.52 in interest revenue for fiscal year ending Aug. 31, 2024.
Assistant Superintendent for Business Melissa Villarreal presented the district’s monthly and annual investment reports at the Oct. 21 board meeting, reporting approximately $66.0 million in total district investments for August 2024. For the fiscal year ending Aug. 31, 2024, the annual investment report showed interest revenue of $4,586,977.52, with 55.6% ($2,548,780.83) attributed to General Fund investments, 14.1% ($647,870.79) to Debt Service, and 29.7% ($1,360,741.06) to Bond Fund investments.
Villarreal noted a slight decrease of about $160,796 in interest revenue from the prior year, which the packet attributes to lower average investment balances. The district’s depository contract remains with Prosperity Bank and Texpool serves as the depository location for TEA-related funds, per the report.
