Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Investments topic
No spam. Unsubscribe anytime.
Board moves mature CD to building bond fund, approves reinvestment of separate CD
Summary
The Dewey board authorized withdrawal of Certificate of Deposit #xx0374 from Arvest Bank at maturity to transfer proceeds to the Building Bond Fund and approved reinvestment of Certificate of Deposit #xx0377 at Arvest Bank upon its maturity; both actions were approved unanimously.
The board voted to withdraw Certificate of Deposit #xx0374 from Arvest Bank upon maturity and place the proceeds in the district Building Bond Fund. Separately, the board approved reinvestment of Certificate of Deposit #xx0377 at Arvest Bank when it reaches maturity.
Both motions were made by David Cleveland, seconded by board members, and recorded as unanimous approvals. The minutes list the CD identifiers in redacted form (#xx0374 and #xx0377) but do not provide maturity dates or dollar amounts in the transcript.
