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Quinlan ISD reports strong interest earnings; board approves depository contract Option #2
Summary
Rebecca Pfeil reported April interest earnings of $171,434 and year-to-date interest of $1,922,370. The board approved Contract Pricing Option #2 for the district's 2025–2027 depository contract by a 6-0 vote.
The board received an investment report from Rebecca Pfeil showing April interest earned of $171,434.00 and budget year-to-date earnings of $1,922,370.00. Pfeil noted April interest rates of 4.4700% with TexPool and 4.4900% with Lonestar as part of the report.
Following the investment update the board considered proposals for the Depository Contract for the 2025–2027 school year. Pfeil recommended Contract Pricing Option #2; Trustee Rusty Case moved to approve Option #2, Dale Chreene seconded, and the motion carried 6-0.
