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Trustees vote to reinvest matured Dube Fund CD in 6-month TD Bank certificate
Summary
Trustees recorded that the Dube Fund CD at TD Bank had matured and opted for a shorter term in case funds are needed in 2026, voting 2-0 to place the funds in a 6-month CD at TD Bank.
The trustees noted that the Dube Fund CD held at TD Bank had matured. During the Nov. 21 meeting, members discussed reinvestment options and favored a shorter-term certificate to preserve liquidity in 2026.
Treasurer Matthew Sawyer, Jr. moved to invest the Dube Fund in a 6-month CD at TD Bank; Commissioner Chuck McGee seconded the motion. The motion passed 2-0.
The minutes record the reinvestment decision but do not detail the exact principal amount or maturity date beyond noting the CD had matured and the trustees' preference for a short term instrument.
