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Board selects Ampersand for depository management; asks for one-year LGIP performance review
Summary
The Middleton-Cross Plains board awarded depository management services to Ampersand, citing a networked deposit model and promised value-added services, and required a one-year performance comparison against the state Local Government Investment Pool (LGIP).
The Middleton-Cross Plains Area School District Board of Education on Feb. 10 approved the administration's recommendation to engage Ampersand for depository and deposit-management services and directed that Ampersand provide a performance report after one year comparing net returns (after fees) to the Wisconsin Local Government Investment Pool (LGIP).
Why it matters: The district seeks to maximize return on temporarily idle funds while preserving liquidity and deposit protections. The board emphasized the desire for a collaborative relationship with a vendor that provides monthly or quarterly health reports and staff…
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