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Dakota Dunes CID approves $1.11 million in vouchers and repositions two $500,000 CDs
Summary
The board accepted March financials and approved April vouchers payable totaling $1,111,946.31; it moved a $500,000 General Fund CD to a Pioneer Bank money market and reinvested a $500,000 Enterprise Fund CD for six months at 3.79% APY with Liberty National Bank.
The Dakota Dunes Community Improvement District board voted April 20 to accept the March 2026 financial statements and approve April vouchers payable totaling $1,111,946.31.
During the treasurer’s report trustees reviewed current certificate-of-deposit offers. The board approved transferring General Fund CD #3 (a $500,000 certificate maturing April 28, 2026, at Security National Bank) into the General Fund Money Market account at Pioneer Bank and reinvesting Enterprise Fund CD #4 (also $500,000 maturing April 28, 2026) at Liberty National Bank for six months at 3.79% APY. Interest earnings from CD #3 and CD #4 will be deposited into the General Fund and Enterprise Fund Money Market accounts at Pioneer Bank, respectively. The motion to accept the financial statements and CD actions passed 5-0.
Board members reviewed quoted short-term CD rates from several banks, including Liberty National Bank (3.79% for a six-month option) and Pioneer Bank (3.63% for a 7‑month option listed), as part of their decision-making. The transfers and reinvestment were recorded as part of routine treasury management for short-term liquidity.
