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Board asked to transfer $67,005.94 tax settlement into InterTrust Indiana to earn interest
Summary
A board member requested approval to move a recent $67,005.94 tax settlement out of the general fund into an InterTrust Indiana account to earn interest; the board asked for a motion to carry out the transfer.
Speaker 2, a board member, asked the board for approval to transfer a recent tax settlement into an InterTrust Indiana account to earn interest. Speaker 2 said the board had received a tax settlement of $67,005.94 and that the funds were not needed in the general fund at this time.
Speaker 2 requested the board move the amount into the InterTrust Indiana account to accrue interest. At the end of the exchange Speaker 1 asked for a motion to transfer; no motion or vote on the transfer is recorded in the provided transcript segment.
