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Finance staff recommends reinvesting $663,687 CD in sewer O&M fund at 4.1% for six months
Lincoln Committee of the Whole · October 29, 2025
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Summary
Finance staff recommended the city reinvest a certificate of deposit in the sewer O&M fund. Staff reported the CD's current value as $663,687.40 and said United Community Bank offered a 4.1% renewal rate for a six-month term; council agreed to place the matter on the regular agenda for formal approval.
Mister Conzo, speaking for the city’s finance office, said on Oct. 28 that a certificate of deposit held in the sewer O&M fund should be renewed and reinvested. The item notice lists the CD amount as…
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