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Board approves treasurer's report; $300,000 moved to Raymond James; bills of $73,747.36 ratified
Summary
Treasurer reported $380,000 in checking and a $300,000 transfer to Raymond James CDs; the board approved the treasurer's report and ratified payment of outstanding bills totaling $73,747.36.
The board accepted the treasurer’s report and ratified outstanding bills after a brief presentation by the treasurer. The treasurer reported the district is starting the new fiscal year in good condition, stating that $300,000 was moved to Raymond James where CDs will be staggered so they come due every two months. The board was told the district currently has $380,000 in its checking account.
The board then reviewed and approved itemized bills totaling $73,747.36, including Premier Wireless ($61,821.12), Eagle Communications ($5,974.92), Complete Management ($3,570), Copy Company ($1,250), Humboldt County TV District ($952.94) and Suburban Propane ($170.38). A motion to approve payment of the bills passed by voice vote.
Why it matters: The transfer establishes a rotating CD schedule to provide periodic liquidity, while the bills approved include a large item for Premier Wireless that represents a significant share of this period’s expenditures.
