Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Denton trustees approve Keno transfer, claims, $250,000 CD purchase and set $12,000 grants budget
Summary
The Village of Denton approved claims and transfers, moved $30,000 from Keno to the general fund, reported Sept. Keno receipts, purchased a $250,000 CD at 4.1%, and set a $12,000 grants budget for 2025; a $2,500 donation to Nebraska Rural Water was also approved.
At its Oct. 3 meeting, the Village of Denton Board of Trustees approved routine financial actions that included claims, payroll, a transfer from Keno funds, and an investment purchase.
On motions carried by the trustees present, the board approved claims list B for $90,760.93, claims list A for $830.72, and September payroll of $9,928.93. The board also authorized a transfer of $30,000 from the Keno fund to the General Fund. The minutes state the transfer and claims approvals were carried by the board.
The clerk reported the Sept. Keno report showed gross proceeds of $533,987.64, a payout percentage of 84.22 percent, unclaimed wins of $256.77, and the village’s share of $37,635.90. The board approved a $2,500 donation to Nebraska Rural Water and reached consensus to send grant letters to local nonprofits, setting the 2025 grants budget at $12,000.
Financially, the clerk also reported that a redeemed CD was purchased through LPL Financial: $250,000 for 18 months at 4.1 percent. The minutes do not specify the funding source for the CD purchase or whether the investment is designated to a specific fund.
The meeting record does not include further discussion of how the grants budget will be allocated or project-level uses for the Keno transfer.
