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McDonald County commissioners approve six-month rollovers for five CDs totaling $1,672,552.16
Summary
On June 10, 2024, the McDonald County Commission voted unanimously to roll over five certificates of deposit for six months, covering five county accounts with a combined balance of $1,672,552.16. The motion was moved by Commissioner Jamey Cope and seconded by Commissioner Rick Lett.
McDonald County commissioners voted on June 10, 2024, to roll over five certificates of deposit for a six-month term. Commissioner Jamey Cope made the motion, Commissioner Rick Lett seconded it, and the motion passed by unanimous vote.
The five CDs and amounts listed in the motion were: County Revenue $533,492.29; County Revenue $531,545.77; County Revenue $104,110.54; Health Department $138,707.96; and Law Enforcement $364,695.60, for a combined total of $1,672,552.16. The motion record in the minutes states only the accounts and amounts; no further purpose or allocation was specified in the record.
The vote was recorded as unanimous. Earlier in the same meeting, the commission signed and approved accounts payable in the amount of $93,673.35 and reviewed county roads in Rocky Comfort; no additional spending decisions tied to the CD rollovers were recorded. The commission adjourned and listed June 12, 2024, as the reconvening date.
