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Denton trustees review Keno proceeds, approve transfers and claims, and record $250,000 CD purchase
Summary
The board reviewed the September Keno report (gross proceeds $533,987.64; village share $37,635.90), approved claims and a $30,000 transfer from Keno to General, and recorded a $250,000 CD purchase at 4.1% for 18 months with LPL Financial.
The clerk reported the Sept. Keno report showing gross proceeds of $533,987.64, a payout percentage of 84.22%, unclaimed wins of $256.77, a village share of $37,635.90 and an operator share of $46,610.17. The board approved a $30,000 transfer from the Keno fund to the General fund.
Trustee John Juricek moved and Trustee Amanda Fangmier seconded approval of claims list B for $90,760.93, claims list A for $830.72 and September payroll of $9,928.93; the motion carried. The clerk also reported purchasing a $250,000 certificate of deposit with LPL Financial for 18 months at 4.1%. The meeting adjourned at 7:55 p.m.
