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Board hears investment options from First Interstate, rolls maturing CD into 90-day CD at Black Hills
Summary
After a First Interstate presentation on conservative investment options for school funds, the board voted to leave a maturing CD of $525,491.03 at Black Hills Federal for 90 days while it develops a longer-term plan.
The Wall School District 51-5 board heard a presentation from Anthony of First Interstate Wealth Management on options for investing district funds and voted to roll a maturing certificate of deposit into a 90-day CD at Black Hills Federal.
Anthony described two conservative approaches for public-school funds: laddering government-issued securities such as treasuries and treasury bills, or placing funds in a managed fixed-income portfolio governed by an…
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