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Lipscomb County reviews $8.76 million in assets, declines immediate CD purchase
Summary
The commissioners reviewed a treasurer's report showing $8.76 million in county assets and discussed bank guidance that CDs would earn a slightly higher rate than checking; no CD purchase was approved at the March 9 meeting.
Lipscomb County officials reviewed the monthly treasurer's report and discussed short-term investment options but took no immediate action to move funds into certificates of deposit.
Treasurer Kimberly Long told the Commissioners Court that total county assets were $8,763,909.58 and that February interest earned totaled $25,774.72. Long presented account-by-account balances and interest-line detail that the court examined and certified.
Darren Chisum, the county's banking representative from…
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