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Pine Springs council approves April finances, tables May, and transfers $100,000 to money-market account
Summary
The council approved April financials, tabled the May report, approved a $100,000 transfer from checking to a public-entity money market at Royal Credit Union, and approved June bills with an added $94.33 invoice.
At the June 2 meeting the Pine Springs City Council approved the April 2026 financial report, tabled the May report for later review, and approved a $100,000 transfer to increase short-term interest earnings.
Mayor Christensen moved to approve the April financials; Kinney seconded and the motion passed unanimously. The May financials were tabled on a motion by Mayor Christensen, seconded by Adams. The council approved moving $100,000 from the city's checking account at Premier Bank to the city's public-entity money-market account at Royal Credit Union; Kinney seconded and all present voted yes. The council also approved the June bills, adding an invoice from Advanced Signs for $94.33.
The transfer was described as a short-term interest maximization by the treasurer; the council did not specify an investment timetable in the transcript.
