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Board renews maturing CD of $437,351.84 for 12 months at Flatwater Bank
Summary
The board approved renewing a maturing certificate of deposit with a balance of $437,351.84 as a 12‑month CD at Flatwater Bank, with staff recommending the highest available rate (4.25%). Motion passed unanimously.
The Brady Public Schools Board approved renewing a maturing certificate of deposit on Aug. 11, keeping the funds at Flatwater Bank for 12 months. The district reported the CD balance as $437,351.84 and staff recommended selecting the highest available rate; the current highest quoted rate was noted as 4.25% for a 12‑month term.
Business Manager Molly Most reported she contacted Flatwater Bank for rates and Superintendent Foster advised the board that the district does not currently need to withdraw the funds. The board passed the renewal motion unanimously (moved by Necole Miller, seconded by Bryan Franzen).
