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Rib Lake board accepts treasurer’s report, withdraws CD to pay for snowplow equipment
Summary
The Rib Lake Village Board accepted the July treasurer’s report, approved routine payments and receipts, and withdrew $14,107 from a Street Machinery CD to cover snowplow equipment costs, renewing the remainder at the best available rate.
The Rib Lake Village Board accepted the July Treasurer’s Report and approved the month’s listed payments and receipts at its Aug. 14 meeting.
The report, accepted on a motion by Jones and seconded by Mann, showed the village’s accounts across operating and utility funds, including a General Fund balance of $480,321.23 and a total reported cash position of $1,408,044.50. Large receipts listed in July included state payments (for example, $54,766.99) and regular utility receipts to the Rib Lake water and sewer utilities.
Board members moved several cash-management actions tied to capital needs. The Street Machinery certificate of deposit matured; the board voted (Marschke, seconded by Tesch) to withdraw $14,107.00 to cover the purchase of snowplow equipment made this winter and to renew the remainder of the CD at the highest available rate. The Street Projects 2 CD, maturing Aug. 29, 2024, was also renewed at the highest available rate (Jones, seconded by Buksa). All motions carried.
The board approved detailed payroll and vendor payments as printed and accepted the treasurer’s accounting of water and sewer receipts and expenditures. No roll-call voting tallies were recorded in the minutes; each action is noted as “motion carried.”
The village clerk signed the minutes at the end of the meeting. The board adjourned at 6:55 p.m.
