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Finance Committee agrees to shift Principal Financial Group investment into IntraFi accounts; budget review to continue
Summary
The Fountain City Finance Committee reviewed an investment held with Principal Financial Group and agreed to move funds into IntraFi accounts. The committee continued review of the 2026 general, cemetery, and water budgets; minutes of prior meetings were approved and the meeting adjourned at 5:37 p.m.
At its Oct. 1 meeting the Fountain City Finance Committee reviewed an investment held with Principal Financial Group and agreed to move that investment into other accounts using IntraFi.
Committee minutes show the review took place during the ongoing 2026 budget discussions; the transcript excerpt records that the committee "agreed to move forward with shifting the investment to other accounts in IntraFi," but it does not capture a formal roll-call vote on that agreement.
Earlier in the meeting the committee approved the minutes of the Aug. 27 and Sept. 16, 2025 Finance Committee meetings after a motion by Chris Williamson and a second from Stephen Qualy. The minutes were approved by voice vote ("Motion carried and minutes were approved" in the transcript excerpt).
The meeting concluded when Williamson moved to adjourn, Qualy seconded, and the motion carried; the meeting adjourned at 5:37 p.m. The transcript does not record additional public comment or formal budget approvals in the excerpt provided.
