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Allegheny‑Clarion Valley board places idle funds in three‑month CD after finance review
Allegheny‑Clarion Valley School District Board of Education · December 3, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Following a finance presentation comparing CDs and liquid asset accounts, the board voted to move district funds into a three‑month CD, with trustees directing staff to monitor rates for future decisions.
Board members reviewed a finance report that compared certificate‑of‑deposit options and liquid asset (government money‑market style) accounts before voting to place idle district funds into a three‑month CD.
A finance presenter told the board they…
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