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Board names official depositories, sets treasury deposit limits for 2026

Palo Alto County Board of Supervisors · January 2, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Palo Alto County adopted resolutions naming county depositories and setting maximum deposit limits for elected officials and the county treasurer, including West Iowa Bank ($20 million) and Iowa Trust & Savings ($30 million).

The board approved resolutions designating official depositories and establishing deposit limits for elected officials and the county treasurer for 2026. Resolution 1‑2‑2026(D) lists specific depositories and maximum amounts for certain elected officials (for example, John King, Sheriff — $200,000). Resolution 1‑2‑2026(E) sets aggregate county treasurer deposit limits at West Iowa Bank ($20,000,000), Iowa Trust & Savings ($30,000,000) and Cent Credit Union ($5,000,000).

The measures were presented and adopted without dissent. The action ensures the county and elected officials have pre‑approved institutions for depositing public funds during 2026 and formalizes the maximum amounts authorized per institution.

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