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Board approves $3 million CD renewal and names Citizens Bank primary depository; monthly financials reviewed
Summary
The board approved renewing a $3,000,000 certificate of deposit for 12 months at Citizens Bank, selected Citizens as the primary depository following an RFP, and reviewed monthly financial reports including a $278,140 bond payment from the building fund.
The Rockcastle County Board of Education approved a 12-month renewal of a $3,000,000 certificate of deposit at Citizens Bank, and selected Citizens Bank as the district’s primary depository after reviewing two RFP responses.
Speaker 2 presented the monthly financial report and said the district received its first capital outlay deposit and made bond payments totaling $278,140 charged to the building fund. On banking, staff…
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