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Conway City approves April financials and directs staff to seek higher CD rate
Summary
The Conway City board approved April financial statements and asked staff to investigate higher interest options for a certificate of deposit, citing a current 2% yield versus market offers of about 3.9%–4.7%.
The Conway City board voted to approve the city’s April financial statements and directed staff to investigate higher interest options for a certificate of deposit that is currently yielding 2%.
City staff reported account balances and month-to-date results during the meeting. Jill (staff member) reported the operating account balance at $2,331,587.52, the collections account at…
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