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Board reviews and approves March 2025 financials; district investment summary presented
Summary
The board approved the March 2025 monthly financials as part of the consent agenda. Business Office materials included a March 31 investment summary, dashboards for General, Food Service and Debt Service funds, and a memorandum recommending approval of payroll and operating expenditures totaling $15,502,045.
The Magnolia ISD Board approved the district's March 2025 financials as part of the consent agenda on April 14.
Business Office documents presented in the board packet included an Investment Summary (as of March 31, 2025) listing bank and investment holdings (Woodforest Bank, TXCLASS, TCG Investments), multiple fund dashboards (General Fund, Food Service Fund, Debt Service Fund), and a memorandum from Assistant Superintendent Erich Morris recommending approval of March payroll and operating expenditures totaling $15,502,045 and a check register total of $3,404,251.
The consent agenda item (No. 6096) recorded approval of minutes, financials, out-of-district transfers, safety audit findings, and the TEKS certification form for 2025–26. The public minutes do not include line-by-line transaction detail but record the board's unanimous approval of the monthly financials.
