NTTA presented its quarterly investment report for the third quarter ended Sept. 30, 2025, to the Finance, Audit and Administration Committee on Nov. 6 as a briefing item; no committee action was required.

Ms. McBride told the committee the report is prepared at least quarterly to comply with the Texas Public Funds Investment Act (PFIA) and that NTTA’s investment priorities are safety, liquidity, diversification and yield. For the quarter ending Sept. 30, staff reported quarterly interest earnings of $21,000,000 and year‑to‑date interest earnings of $57,000,000.

Committee materials show fund balances across NTTA’s principal pools: roughly $519,000,000 in the operating fund for day‑to‑day operations, $557,000,000 in reserve funds mandated by the trust agreement, debt service funds to meet annual obligations, and approximately $916,000,000 in construction funds dedicated to capital plans.

Directors asked whether the investment‑management firm now out to bid would be presenting future reports; staff said that remains to be determined but that vendors are willing to present their reporting capabilities in future meetings. During follow‑up, staff confirmed that the $100,000,000 identified for the defeasance plan will come from the CIF/construction funds.