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Darlington board names three depositories including Bank of New Glarus
Summary
The board designated the Bank of New Glarus, Apple River State Bank and the State Investment Pool as official district depositories at the May 13 special meeting; the motion carried.
During its May 13 organizational meeting the Darlington board moved to designate official financial depositories for district funds. Board member Crist moved, seconded by Nick Zuberbuhler, to name the Bank of New Glarus, Apple River State Bank and the State Investment Pool as depositories; the minutes record the motion as carried.
The minutes do not include dollar amounts, timeframes, or conditions attached to the designation. The action formalizes where district funds will be held or invested for the coming term but provides no additional operational details in the recorded motion.
