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Business office reports year-end balances, bond proceeds and fund trends
Summary
District business manager presented the 2021 investment report showing year-end balances, interest earned and the deposit of reimbursed bond proceeds; board discussed liquidity options for bond proceeds.
Kendra, the corporation business manager, reviewed the district’s bank comparison and investment report for calendar year 2021 and prior years. She said year-to-date interest earned in the district’s SPN banking account totaled $5,741.69 and that proceeds from the reimbursed bond issued in October had earned $2,658.67 since deposit.
Kendra reported checking and fund balances as of Dec. 31, 2021: the FCN checking account and self-insurance checking balances, First Financial checking and bond proceeds and a First…
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