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Daniels County approves new investment and restructures treasurer accounts
Summary
The board approved moving county funds into a CD at Daniels-Sheridan Federal Credit Union at a recorded 5.1% interest rate and voted to reduce the VIP account to $50,000 and open an ICS demand account; the minutes list the invested amount in a likely typographical form.
Daniels County commissioners voted to invest county funds at Daniels-Sheridan Federal Credit Union at a 5.1% interest rate and to restructure certain treasurer accounts to earn higher interest. The board also authorized reducing the VIP account balance to $50,000 and opening an ICS demand account.
Treasurer Julia Laurie and Deputy Treasurer Katie Leibrand recommended moving funds from the county’s existing account arrangements to earn higher returns. The minutes record a motion by Commissioner Fladager to "invest 51.2 million into a CD at the Daniels-Sheridan Federal Union at a 5.1% interest," seconded by Commissioner Thievin, and state that the motion passed with all present voting in favor. The transcript text appears to include a typographical or transcription error for the investment amount; the minutes do not provide a clearly stated, verified dollar figure for the invested principal. The minutes also record approval of the treasurer’s securities and the treasurer’s monthly report for October 2025.
Why it matters: Changes to where the county holds short-term funds and the balances reserved in accounts affect interest earnings and short-term liquidity for county operations. The minutes document policy decisions but do not include supporting schedules or the specific ledger entries by account number.
What’s next: The clerk and treasurer will execute the account transfers and open the ICS demand account; the minutes do not record the exact transfer amounts or bank account numbers.
