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Board receives investment summary and approves September monthly financials

Magnolia ISD Board of Trustees · September 9, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Trustees approved the September 2024 monthly financials as part of the consent agenda; the investment summary dated Aug. 31, 2024, reported total invested assets of $129,433,681.74 across Woodforest Bank, TXCLASS, Lone Star pool and TCG Investments.

As part of the consent agenda the board approved the district's September monthly financials. Finance staff presented an investment summary showing total invested assets of $129,433,681.74 as of Aug. 31, 2024, with account-specific balances and returns across Woodforest Bank, TX CLASS, Lone Star Investment Pool and TCG Investments.

The minutes include a high-level narrative that the portfolio is structured to meet cash-flow objectives and complies with the district's investment policy and Government Code Chapter 2256. The public minutes do not include complete account statements or reconciliations; those are maintained by the finance office.

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