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Quinlan ISD board reviews budget, reports $50.08 million cash balance
Summary
Quinlan ISD business manager presented February finances showing $3,375,117.49 in revenues, $5,884,043.81 in expenditures and a cash-flow ending balance of $50,079,687.62; trustees approved Budget Amendment #03-24-01 unanimously.
Board President Kenny Stone opened the meeting and the board heard the district's monthly budget and investment reports from Becky Pfeil. Pfeil reported revenues of $3,375,117.49 and expenditures of $5,884,043.81 for the reporting period, with a cash-flow ending balance of $50,079,687.62. She also reported taxes collected for February 2025 totaled $2,410,263.37.
Pfeil presented the district's investment performance for February 2025, noting monthly interest earned of $176,440.00 and year-to-date interest earnings of $1,565,680.00. She cited Texpool and Lonestar rates for February: 4.4848% and 4.5200%, respectively. Following the financial presentations, the board approved Budget Amendment #03-24-01 on a 6-0 vote after Trustee Todd Darter moved and Trustee Billie Miller seconded.
