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Sinton ISD reports $59.4M in investments, $3.13M interest revenue for fiscal year
Summary
The district reported approximately $59.4 million in investments for August 2025 and interest revenue of $3,131,617.80 for the fiscal year ending Aug. 31, 2025, with 70.9% of interest attributed to General Fund investments and a year-over-year decrease tied to lower bond fund balances.
During the Sept. 15 meeting the board reviewed the monthly investment report showing total district investments of approximately $59.4 million for August 2025. The annual investment report for the fiscal year ending Aug. 31, 2025, showed interest revenue of $3,131,617.80, with 70.9% ($2,221,058.20) attributed to General Fund investments, 21.6% ($675,885.18) to Debt Service, and 6.5% ($203,819.41) to Bond Fund investments.
The minutes note a decrease in interest revenue of about $1,455,359.72 from the prior year, which the board packet attributes to lower bond fund investment balances. The district's depository contract remains with Prosperity Bank, and Texpool serves as the depository location for Texas Education Agency funds.
