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General Gas Roll Board reviews quarter-end escrow report, approves $1 million CD reinvestment
Summary
At its July 15 meeting the General Gas Roll Board heard a June 30 quarter-end escrow report, voted to reinvest $1,000,000 into 12-month certificates of deposit and authorized continued rollovers as CDs mature.
The General Gas Roll Board on July 15 accepted its quarter-end escrow report for the period ending June 30 and voted to reinvest $1,000,000 in 12-month certificates of deposit while continuing to roll other maturing CDs into the board's money market account.
The board's fiscal staff presented the report, saying the beginning balance for the quarter was $4,857,343.11, interest earned for the quarter was $22,069.37, fees deducted were $4,639.72 and distributions totaled $427,707.12, leaving…
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