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Board packet lists nearly $7.0 million in checks and multimillion-dollar wire activity in August/July reports
Summary
The finance section of the Sept. 9 packet details vendor checks totaling $6,949,957.30, wire/EFT/ACH activity totaling $6,264,006.31 for July and an investment summary showing material holdings in MSDLAF+ accounts with yields around 5.14–5.23%.
Executive Director of Finance and Operations Scott LeSage provided the board packet’s finance reports, which include detailed check registers, wire/EFT/ACH summaries and an investment overview.
The check register itemizes individual vendor payments and descriptions; the packet shows a "Total Value of Checks Issued" of $6,949,957.30. The wires/EFT/ACH table lists large electronic payments and payroll-related transfers with a reported total of $6,264,006.31 for the period ended July 31, 2024. The investment summary in the packet reports cash holdings in money market accounts (PMA/MN Trust; MSDLAF+ Liquid and Max money market pools) and shows yields reported in the packet at roughly 5.14%–5.23% for MSDLAF+ accounts.
The packet also notes compliance language for acceptance of gifts under Minn. Stat. § 465.03 and lists cash donations totaling $133.56 for the 2024-25 school year during the period. The finance materials were presented for board review and included as routine consent items.
