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Hale Center ISD moves $1.1M to TexPool, approves $26,139.77 facilities budget revision
Summary
Business officer reported $1.1 million was moved into TexPool to earn interest; the board approved the January–February financial report and a $26,139.77 budget revision to replace two commercial water heaters and cover a gym refinishing overage. All votes were unanimous 5-0.
At the March 9 meeting Leesa Grimaldo presented the district's January and February financial reports and told the board that "1.1 million was moved into texpool to generate interest for a few months." The board approved the financial report by motion and a unanimous vote.
Board members later approved a facilities budget revision totaling $26,139.77 to remove and install two commercial water heaters at the high school and to cover the overage on the gym refinishing project. Troy McGann moved the revision and Paul Chandler seconded; the motion passed 5-0.
Why it matters: moving operational funds into TexPool is a short-term treasury strategy to earn interest; the facilities revision commits district funds to immediate facilities work. Tax or reserve impacts were not detailed in the minutes.
What to watch next: The minutes do not specify the source account for the $26,139.77 revision beyond the motion language; follow-up budget documents would show the source line items and any impact on contingencies.
