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Bellemeade commission approves October financial report; PNC investment at $306,000
Summary
The commission approved the October Treasurer’s Report, noting insurance premium receipts split across months, a $306,000 PNC investment balance, a road-fund draw for crack repairs, and a Liberty Financial CD maturing Dec. 16, 2025 to be reviewed for renewal.
The City of Bellemeade commission unanimously approved the October Treasurer’s Report at its Nov. 10 meeting.
City Clerk and Treasurer Geri Huff reported insurance premium tax deposits received in October (some via ACH), with certain payments to be allocated between October and November. Huff said Leaf Spring–related expenses for a traffic study and signage were being charged to miscellaneous until those costs are reclassified. She reported the city’s PNC investment balance at $306,000 and said the road fund had been reduced by a payment for recent crack repairs. A Liberty Financial Credit Union certificate of deposit is due to mature Dec. 16, 2025; the commission will review current rates before deciding on renewal.
Mayor James Martin moved to approve the Treasurer’s Report as presented; Commissioner Halle Brumleve seconded the motion, which passed unanimously.
The item signals routine cash-management oversight; commissioners did not adopt new budget allocations at the meeting and directed review of the CD renewal when current rates are available.
