Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Price County opens 24-month CD at Prevail Bank as finance report reviewed
Summary
The Price County Executive Committee reviewed the February financial report and agreed to open a 24-month Certificate of Deposit at Prevail Bank at 4% APY; committee members discussed rate comparisons and accounting for earned interest.
The Price County Executive Committee reviewed the county's financial report for the month ending February 2026 and noted a recent investment decision to open a 24-month Certificate of Deposit at Prevail Bank at 4% APY.
County Treasurer RenE9e Leinfelder presented the report and told the committee the CD was opened on the first business day of March after staff identified it as the highest available rate. Committee members discussed pricing for CD and savings account rates and the accounting treatment for revenue earned on investments. The reports for investment accounts, checking accounts, and loans and debt service were placed on file.
The action was informational; no formal vote was taken on the investment beyond the reported opening. The Treasurer said staff will continue to monitor market rates and report back on comparative yields and any recommended changes to the county's investment approach.
