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Board accepts $50,000 grant, amends FY2026 budget and opens $250,000 CD to bolster reserves
Summary
The Greenwood Board accepted a $50,000 Missouri Blue Shield grant to fund police equipment, passed an ordinance to add $50,000 to the FY2026 general fund expenditures, and approved opening a $250,000 general-fund certificate of deposit as part of a broader cash-management strategy.
The Greenwood Board formally accepted a $50,000 Missouri Blue Shield grant (Resolution 2025-92) and moved to amend the fiscal year 2026 operating budget (Bill 2025-93) to add $50,000 to the general fund expenditure budget. Staff explained the grant will pay for police in-car computers, printers and associated equipment approved under Resolution 2025-88.
City finance staff also presented Resolution 2025-89 to open a $250,000 general-fund certificate of deposit (CD). Staff said the city previously placed other sums in CDs, holds treasury bonds, and maintains available cash, and that this additional CD would help maximize interest earnings while keeping immediate liquidity. The staff presentation included current holdings (previous CDs and treasury bonds) and described an approach using CD ladders to manage maturities.
Board members asked about balances, FDIC limits, and the practical impact on liquidity; staff said the CDs were part of a conservative strategy to increase interest income while retaining a liquidity cushion. All motions related to the grant acceptance, budget amendment and CD were approved at the meeting.
What happens next: staff will accept the grant, proceed with procurement tied to that funding, and open the CD per board authorization; the finance office will report final balances and any changes to investment strategy at a subsequent meeting.
