Board hears FY2026 investment report: roughly $7 million annual interest earnings

Finance staff presented Harmony Public Schools’ quarterly investment report for the period ending June 30, 2026, noting quarterly interest of about $1.22 million and annual investment earnings close to $7 million — which staff said was roughly $300,000 above the year’s projection. "We summarize the beginning and ending balances of our investments and with the interest received within this quarter which is close to 1.2 2 million," the presenter said.

Staff explained the district used sweep accounts that allow balances over $100,000 in operating accounts to earn up to about 3.5% interest and that the district is locking select longer-term investments for up to two years to capture favorable rates amid market fluctuations. Board members asked clarifying questions about a large snapshot inflow (about $135 million) tied to timing of state funding that typically arrives in early April and is spent through the month; staff confirmed the pattern and explained those funds are not permanently idle balances but timing-driven inflows and outflows.

The report was informational and required no board action. Finance staff indicated they will continue monitoring investment returns and present updates to the board as needed.