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Council approves staggered reinvestment of matured CD
City of University Heights City Council · July 9, 2025
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Summary
Treasurer John Brown reported a matured certificate of deposit of approximately $112,000–$115,000. Council approved reinvesting the funds in two CDs with staggered maturities (half in a six-month instrument and half in a 12-month instrument) to diversify interest-rate and liquidity risk.
The council approved a motion July 8 to reinvest a matured certificate of deposit (approximately $112,000–$115,000) in…
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