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Waunakee finance committee approves annual public depositories list after conflict-of-interest question about Ehlers
Summary
The Village of Waunakee Finance Committee voted unanimously to recommend adoption of its annual resolution designating public depositories, including a named broker subsidiary used to manage borrowing proceeds; a committee member raised concerns about a perceived conflict of interest between consulting and investment services.
The Village of Waunakee Finance Committee on May 19 voted to recommend adoption of its annual resolution designating public depositories and authorizing withdrawals of village deposits.
Renee, a finance staff member who presented the item, said, "This is a resolution we have to adopt every year. By statute, we have to, designate our public depositories." She told the committee the practice has been to list all banks and credit unions with a…
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