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Board approves banks, authorized signatures and legal notice outlets for 2026
Summary
Dundee Community Schools approved Old National Bank, Huntington and First Merchants as depositories, designated authorized signers for accounts, appointed legal counsel, and named newspapers of record for 2026.
At its Jan. 12 meeting the Dundee Community Schools Board approved financial housekeeping and legal-notice designations for 2026.
The district designated Old National Bank for multiple funds (General Fund, Food Service, Student Activities, Debt 2015, Debt 2018, Debt 2022, Bond 2022, General Capital Projects, Athletic Imprest, Flex Benefits) and also approved Huntington and First Merchants as additional depositories. The business manager told trustees that prior rate comparisons showed Old National offering the best interest rate for the district.
The board approved the Designation of Authorized Signatures for specified accounts (Board Treasurer, Superintendent or Chief Financial Officer for most funds; Athletic Imprest Account also permits the Athletic Director) and named the Executive Assistant to the Superintendent as the person responsible for posting board meeting notices. Trustees also approved Thrun Law Firm and Collins & Blaha as legal counsel and designated the Monroe Evening News and the Dundee Independent as the district's newspapers of record for legal purposes.
All motions passed unanimously (Yea:6, Nay:0, Absent:1).
