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McDonald County delays CD renewals until payroll distributions are finalized
Summary
County Treasurer Sheila Fuller presented CD renewal options with 6-month and 12-month interest rates around 3.85% and 3.80% respectively; commissioners said they will wait until payroll times are submitted from departments before voting to renew and finalizing year-end current assets.
County Treasurer Sheila Fuller presented the McDonald County Commission with a review of current assets for all county funds and reported certificate-of-deposit renewal interest rates at roughly 3.85% for a six-month CD and 3.80% for a 12-month CD. Commissioners said they would wait for payroll time submissions from all departments before voting on CD renewals and finalizing year-end payroll distributions.
The Dec. 15 minutes show that the commission intends to review the CD renewals and county fund balances after payroll figures are submitted; no renewal decision or vote is recorded in the minutes.
