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Quarterly investment report: CD matured Aug. 12 with $59,114.69 interest, board hears
Summary
Finance staff reported quarterly investment activity and noted CD **560 matured Aug. 12 with a year-end interest amount of $59,114.69; additional Wellington accounts noted for fall maturities.
Jenny Smith presented the fourth-quarter investment report covering activity in the Lone Star/First Public Investment account and multiple CDs and savings accounts with Wellington State Bank.
Smith reported opening book and market balances as of 06/30/2024 and provided balances through 07/31/25 (three accounts) and 08/12/25 for one account. "Mrs. Smith noted the maturation of CD **560 on August 12th, with a year-end interest amount of $59,114.69," the minutes state. She also listed interest rates for the July period and advised that two Wellington accounts would mature in the fall.
The presentation was informational; trustees approved subsequent budget and finance motions during the meeting.
