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Finance director reports 4th-quarter interest figures; board hears budgeting context
Summary
Finance Director Sandra Martinez reported a 4th-quarter interest figure of $279,991.80 and listed fund amounts in the meeting packet; trustees asked how planned raises would be covered and were told the $900,000 raise plan was incorporated into the budget. The transcript lists fund figures but does not reconcile them with the stated interest total.
Finance Director Sandra Martinez presented the district's fourth-quarter financial investment report at the Aug. 3 Valley View ISD special meeting.
Ms. Martinez told the board that the "total interest earned for the 4th quarter is $279,991.80" and listed figures by fund: the transcript records "Local is $913,848; Debt Service $145,039; Child Nutrition $57,047.12." Trustees asked how much the '300' (language in the discussion) would decrease given the planned raises; staff responded that the $900,000 earmarked for raises is already incorporated into the budget and that interest-rate assumptions remain steady.
The transcript does not explicitly reconcile the reported $279,991.80 interest figure with the fund figures that follow; it is unclear from the public record whether the numbers by fund reflect interest by fund, fund balances, or a different accounting line. The board did not take a separate vote on the investment report; it was presented as information during the meeting.
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