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LTISD reports $386.6 million in cash and $14.6 million in accrued wages in February update
Summary
Assistant Superintendent Pam Sanchez told the board the district held $386,576,201 in cash and temporary investments and $14,608,084 in accrued wages payable as of February 28, 2026; interest earnings for the quarter were $3,064,074 and average investment yield fell to 3.7%.
Assistant Superintendent of Business Services Pam Sanchez presented the district’s February financial report on March 25, reporting key balances and budgetary metrics.
Sanchez reported: "The cash and temporary investments balance for all governmental and proprietary funds totals $386,576,201." She also reported accrued wages payable of $14,608,084, monthly tax collections of $15,554,883 (96.18% of the 2025 adjusted tax levy), quarter interest earnings of $3,064,074, and a decline in average investment yield from 4.0% to 3.7% compared with the prior quarter. Bond program expenditures and remaining balances for 2018, 2023 and 2024 bond series were summarized in the presentation.
The minutes reflect these figures as part of the presentation; no vote or formal action was taken on the financial report itself during the meeting.
