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San Saba ISD approves banking agreements, amended depository contract and investment report
Summary
Trustees approved an agreement with Commercial National Bank regarding IntraFi and approved an amended depository contract; the consent agenda also included the district's investment and financial report and authorization to pay bills. All motions passed unanimously.
The board approved financial and banking items on Feb. 9, including an agreement with Commercial National Bank related to IntraFi services and an amended depository contract.
Stuart Isham moved to approve the IntraFi agreement; Rusty Glover seconded; the vote was 7-0. The board also approved consent-agenda items that included the investment and financial report and authorization to allow and pay bills. As part of consent, the FFA received a state donation of $19,500 for districts affected by recent flooding.
The minutes do not include terms of the IntraFi agreement or changes to the depository contract; administration is responsible for implementing the contracts and reporting back to the board as needed.
