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Authority approves minutes; staff reports budget and bank signatories
Summary
The Lancaster County Broadband Authority approved meeting minutes by voice vote, noted FY26/FY27 budget figures reported by staff, confirmed bank signatories at Chesapeake Bank and discussed how to invest roughly $60,000 in Authority funds.
The Lancaster County Broadband Authority approved the previous meeting's minutes by voice vote and covered several administrative items at the meeting.
Chair Keith moved to approve the minutes and Russ seconded. After the chair asked "Everybody in favor, say aye," the minutes were declared approved; the transcript records a voice vote and does not show a roll call of individual votes.
A staff member reported that the Board of Supervisors approved the FY27 budget at its May 28 meeting and that as reported during the meeting the Authority’s FY26 budget had been $50,150 while the FY27 figure under discussion was $28,400. The staff member did not provide a line‑item breakdown in the transcript.
Keith reported bank signatories were updated: he and another named associate completed signatures on file at Chesapeake Bank to maintain legal authority to transact. Members discussed short‑term investment options and an approximate Authority cash balance of $60,000, noting $40,000 of that amount came from an EDA grant; participants suggested Certificates of Deposit as a conservative short‑term option.
The meeting also covered routine scheduling: members discussed whether to brief the Board of Supervisors on June 25 or defer until August and agreed a short June 25 update would keep the Board informed. No additional formal votes or financial authorizations were recorded in the transcript.
