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Rexburg CFO outlines fiscal year-end moves and next steps on police facility planning
Summary
CFO Matt Nielsen presented year-end finance and investment changes, reserves, and a plan to issue an RFQ for a construction manager/general contractor for a potential police facility; council discussed bond timing and committee membership for planning.
Rexburg's chief financial officer, Matt Nielsen, told the City Council the city is adjusting its investment posture at fiscal year end and preparing next steps for a potential police facility. Nielsen said the city will reinvest funds from a roughly $4.2 million diversified bond position into a ladder of certificates and managed accounts, and forecasted a multi‑month drawdown in cash and investments through the winter months before inflows pick up in January.
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