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Selectboard approves IntraFi ICS sweep program and $108,776.44 warrant
Summary
The Selectboard unanimously approved joining the IntraFi Insured Cash Sweep program with the National Bank of Middlebury, approved Dec. 22, 2025 minutes, and authorized a warrant for $108,776.44.
The Selectboard voted unanimously to approve the Consent Agenda, which included adopting an IntraFi Insured Cash Sweep (ICS) program with the National Bank of Middlebury, approving the minutes of Dec. 22, 2025, and authorizing a warrant in the amount of $108,776.44. Kris Perlee explained how the sweep program would operate with the bank.
The board recorded no dissent on the consent items. The ICS program is intended to increase insured cash coverage by sweeping balances across participating banks; the meeting minutes and warrant authorization were approved as routine consent items.
