Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Fiscal Court authorizes $6.675 million in one‑month certificates of deposit
Summary
The court authorized the Treasurer to open certificates of deposit totaling $6,675,000 for one month to improve investment earnings and received the Treasurer’s report; bills were ordered paid.
At its Nov. 6 special meeting the Franklin County Fiscal Court authorized the Treasurer to open certificates of deposit totaling $6,675,000 for one month to improve investment earnings. The motion, moved by Squire J.W. Blackburn and seconded by Squire J.W. Blackburn, passed unanimously.
The court also authorized receipt of the Treasurer’s report and ordered bills to be paid; no motion was offered to deny a claim during the meeting recorded in the transcript. The transcript does not specify the bank(s) to hold the CDs, interest rates offered, or expected accounting treatment beyond the stated goal of improving investment earnings.
