Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commission tables proposal to move municipal accounts to Horizon Bank pending committee review
Summary
Commissioners asked for more due diligence and numerical detail before consolidating multiple city bank accounts at Horizon Bank. Staff estimated about $6,000 in additional annual interest; the measure was tabled and referred to Personnel & Finance.
The City Commission voted to table a staff proposal to establish bank accounts with Horizon Bank and move several Fifth Third accounts after commissioners raised concerns about consolidating municipal funds and the absence of detailed cost comparisons.
Staff described the memo as recommending establishment of multiple Horizon Bank accounts ‘‘for all city accounts’’ with the city clerk and mayor as signers,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
