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Finance presenter reports August expenditures and investment yields to trustees
Summary
Finance presenter reviewed August financial statements, reporting about $3,000,000 in total expenditures for the month, roughly $1,000,000 through TIA, and investment yields near 4.4–4.5%.
The board received the monthly financial statements for August from the district's finance presenter (speaker 4). "You have the financial statements there before you for the month, ending August, 31st there," the presenter said as he reviewed expenditures and investments.
The presenter reported the district was "just over 3,000,000 in total expenditures for the month" and noted approximately $1,000,000 flowed through TIA. He also summarized the investment report, saying the district had been "holding pretty steady at around the 4 4 to, you know, almost 4.5" percent range for investment yields. Trustees discussed cash-flow timing related to the fiscal-year change and were told to expect larger payments as a facility opens in the coming months; no vote or new authorization was taken at this time.
