Financial adviser Mickey Hoss told the Rangely board he can offer an FDIC‑insured premium sweep account that currently yields roughly 3.65% and is backed by CDs and short agency debt, with a $100,000 minimum.

Hoss described his fiduciary stance and said banks sometimes move rates opportunistically; he recommended municipalities avoid keeping all reserves at a single institution, consider laddering and short maturities (no more than nine months in his personal practice), and require clear fee disclosure. Board members asked about current yields and whether local banks could match the account; staff reported local banks had proactively offered competitive rates.

Hoss also disclosed compensation terms, saying he receives a fee of about one‑tenth of one percent (10 basis points) on assets, and emphasized he could do pro bono advisory work in some cases. The board thanked him and indicated interest in considering proposals during future reserve‑management discussions.