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Nappanee Common Council OKs CD investment flexibility, year-end transfers and a 72.5¢ mileage rate; appointments pass with one abstention
Summary
At its Jan. 5, 2025 meeting the Nappanee Common Council approved three routine financial resolutions to expand CD investment options, enact year-end transfers, and set the 2026 mileage reimbursement at 72.5 cents per mile; it also approved $1.9 million in APVs and a slate of appointments that passed 4–0 with one abstention.
The Nappanee Common Council on Jan. 5, 2025, approved a package of routine financial and administrative measures, including expanded authority for certificate-of-deposit (CD) investments, year-end budget transfers, a 2026 mileage reimbursement rate of 72.5 cents per mile, payment of $1,906,090.84 in accounts payable vouchers (APVs), and a slate of city appointments that passed with one abstention.
Clerk-Treasurer Jeff Knight presented the November 2025 financial report and described plans for several maturing CDs. Knight said the City Investor CD will be reinvested, the Redevelopment CD will be liquidated and held as cash to fund 2026 redevelopment projects, and the CSO Reserve CD will be reinvested long term at a reduced principal to preserve reserve requirements. Council member Dustin Geyer asked about upcoming redevelopment projects; Mayor Phil Jenkins provided a brief synopsis. The council approved the Clerk-Treasurer’s report unanimously after a motion from Geyer and a second from Austin Yoder.
On formal action, the council approved Resolution 794-26, which authorizes the city to use a wider range of regional banking institutions for CD investments to pursue better interest rates; Ben Leavitt moved and Dustin Geyer seconded the motion, which passed unanimously by voice vote. The council then approved Resolution 795-26, the year-end transfers (Exhibit A), after Mayor Phil Jenkins noted the transfers were covered by the 2025 budget and required no additional appropriations; Amy Rosa moved and Austin Yoder seconded, and the measure passed unanimously.
The council adopted Resolution 796-26 to set the 2026 mileage reimbursement rate at 72.5 cents per mile; Kelbi Veenstra moved the resolution, Ben Leavitt seconded, and the vote was unanimous.
Mayor Jenkins presented the list of 2026 appointments. Council member Amy Rosa moved to approve the slate and Council member Austin Yoder seconded. The appointments were approved by a 4–0 vote with Council member Ben Leavitt recorded as abstaining because a Redevelopment Commission nominee is a family member.
Clerk-Treasurer Knight presented APVs totaling $1,906,090.84 and noted approximately $1.3 million of the register entries reflect internal transfers between account line items rather than new cash expenditures. Dustin Geyer moved to approve payment of the vouchers; Ben Leavitt seconded and the council approved the APVs by voice vote.
The council approved the Dec. 15 minutes as presented (the minutes are recorded in the meeting text as 'December 15, 2025'); Amy Rosa moved and Kelbi Veenstra seconded. Mayor Jenkins closed by reminding the council the next meeting will be Tuesday, Jan. 20, 2026, and the meeting adjourned at 7:26 p.m.
Votes at a glance: Resolution 794-26 (CD investments) — approved unanimously; Resolution 795-26 (Year-end transfers) — approved unanimously; Resolution 796-26 (Mileage rate 72.5¢/mile) — approved unanimously; 2026 appointments — approved 4 in favor, 1 abstention (Leavitt); APVs $1,906,090.84 — approved unanimously.
