CISD trustees adopt policy updates

Submitted by Canton1 on
By Donnita Fisher Managing Editor

The Canton ISD Board of Trustees approved policy updates, a trustee’s code of conduct and the district’s Health and Wellness plan and heard the annual investment policy review Nov. 16.

In the investment policy review, Business Director Denise Stone told trustees the district has a $1 million certificate of deposit at First State Bank drawing 0.80 percent interest and a Money Market account at Citizens National Bank with another $1 million drawing 0.32 percent. The district has another $1 million in the Logics Investment Pool with an interest rate of 0.195 percent; $2 million with Lonestar at 0.094 percent and about $100,000 in TexPool at 0.0966 percent.

Another $5.5 million is deposited at American National Bank with an interest rate of 0.2 percent, Stone said.

“The primary goal of the investment program is to ensure safety of principal, to maintain liquidity and to maximize financial returns within current market conditions,” the investment policy states.

Policy updates were those recommended by the Texas Association of School Boards and include prohibiting e-cigarettes – or vapes – on school property and at school-related events.

The policy update also defines the school year by minutes instead of instructional days. This will allow districts to make up bad weather and other school closing days by adding minutes to the end of normal school hours, Superintendent Jay Tullos said.

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