Grayson County ends its budget year with $73.7 million in cash and investments, down $5.7 million in September

Grayson County closed September holding about $73.7 million in cash and investments, according to the county treasurer's monthly report, which is on the Commissioners Court's consent agenda for Tuesday, Oct. 27.

That is roughly $5.7 million less than the $79.4 million the county had at the start of the month. September was the final month of the county's 2026 budget year; the new year began Oct. 1. The report lists $19.8 million moving into county accounts during the month and $25.5 million moving out.

Where the money sits

Most of the county's cash is in a few places, the report shows:

A Simmons Bank account held $33 million at month's end, down from $36.6 million.
The Logic state investment pool held $12.5 million, down from $14.3 million.
Certificates of deposit placed through the CDARS program held about $12.5 million.
The TexasConnect investment pool held about $5.4 million.

A separate statement in the packet from Bank of Oklahoma in Oklahoma City lists five mortgage-backed securities pledged to the county treasurer to secure deposits, with a market value of about $21.7 million as of Sept. 30.

Fund balances

The report also breaks the total down by fund. The general fund, which pays for most day-to-day county operations, fell from about $34 million to just under $30 million during the month.

The account set aside for the jail expansion in downtown Sherman stood at about $12.7 million on Sept. 30, down from $13.6 million at the start of the month. KTEN reported in early October that the new wing, which adds more than 100 beds, was targeted to open in November.

Other balances at the end of September included about $3.8 million in the right-of-way fund, $3.1 million for the airport, $3 million in the boot camp fund and about $945,000 in the American Rescue Plan account.

Tuesday's meeting

Accepting the report is one of several routine items the court plans to approve in a single vote, unless a commissioner or resident asks to pull one for discussion. Commissioners convene at 10 that morning in their courtroom in Sherman. The same agenda includes a proposed award of a contract to replace the county's VoIP phone system with Sparklight Business.

Sources

agendasuite.org

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