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Fort Atkinson board authorizes director to invest district funds, reaffirms depositories
Summary
The board reaffirmed its authorized banks and account types for the 2627 fiscal year and unanimously approved a resolution authorizing the director of business services, Nathan Nitt, to invest funds not immediately needed by the district, subject to board-authorized account types and depositories.
The Fort Atkinson School District Board unanimously reaffirmed its authorized depositories and account types for the 2627 fiscal year and approved a resolution authorizing the director of business services to invest district funds.
Speaker 1 introduced the annual reaffirmation of banks and account types, and Speaker 3 described the item as routine with board turnover. The board then approved the authorization by roll call.
Speaker 8 read a resolution empowering the director of business services, Nathan Nitt, to invest "any funds not immediately needed by the school district in the manner he determines to be in the best interest of this district," subject to using only board-authorized account types and depositories and permitting facsimile signatures to authorize transfers. The motion to adopt that resolution was moved, seconded and approved by roll call with affirmative votes recorded.
The transcript records the motions and roll-call approvals but does not list a detailed breakdown of individual votes in a consistent tally; the board described the actions as routine and procedural. No changes to specific depository banks were stated.
