Trustees close ARPA account, shift funds and plan for CD rollover
Treasurer Rosemary Audibert told trustees she closed the town's ARPA account at Union Bank to use the funds for the garage project and moved about $80,000 from a TD Bank account; trustees noted a CD maturing at the end of June and discussed using the highest-rate checking option to hold funds while reimbursements are pending.
The full story
Rosemary Audibert, the village treasurer, told trustees she closed the ARPA account at Union Bank to use the money for the W&L garage project and moved about $80,000 out of a TD Bank account into a higher-rate checking account. "The money will go into the checking account at TD Bank with the highest interest rate," she said, adding that the last CD is due at the end of June and reimbursements will determine whether short-term borrowing is necessary.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in