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WCIDA Finance Committee recommends money market for Agricultural Land Preservation Fund at 3.650%
Summary
On Jan. 27 the WCIDA Finance Committee recommended the Board authorize placing Agricultural Land Preservation Fund proceeds in a money market account paying 3.650% for liquidity and higher yield than a CD; staff noted early talks with Genesee Land Trust about preservation opportunities.
The WCIDA Finance Committee met Jan. 27, 2026; Ms. Amanda McDonald called the meeting to order at 8:32 A.M. The committee approved December 2025 minutes and reviewed 2026 committee dates without questions.
Deputy Director Katie Bronson reported that a Savannah Bank CD from December 2025 was reinvested at Savannah Bank for a six‑month term and proposed instead placing funds for the Agricultural Land Preservation Fund into a money market account that would earn 3.650% while providing greater liquidity than a CD. Director Brian Pincelli noted there have been early conversations about partnering with Genesee Land Trust to identify preservation opportunities; the Committee recommended the Board approve creation of the money market account for the fund.
