Council reviews November financials and moves accounts to Renaissance Bank
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Summary
The Talking Rock council reviewed November financials, discussed a recent bank change to Renaissance Bank, and noted ledger balances across operating and restricted accounts; the council recorded a motion to accept the financial report though the transcript does not show a roll-call tally.
At the final Talking Rock council meeting of 2025, the mayor reviewed the town's November financial report and described a recent transfer of banking services to Renaissance Bank.
The mayor said staff kept some funds in the old accounts during the transition and planned to keep those legacy accounts open for about a week before transferring the remaining money to the new Renaissance Bank accounts. "This is our new bank. Renaissance Bank," the mayor said.
Ledger balances cited in the meeting record included a FEMA account with $6.89, a general operating ledger balance reported as $266,660, a Schoolhouse account shown as $86,000, and a special projects account at $84,000; another account was referenced at roughly $57,000. The mayor said QuickBooks has been updated to reflect the new accounts.
A council member moved to accept the November 2025 financials and a second was recorded; the chair called for a vote. The transcript does not include a formal roll-call tally or an explicit statement of the final count.
Council members said the new bank will allow the town to earn interest and provide improved account features; staff will streamline reporting so the public can view balances in the new accounts next month after transfers are complete.