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Makanda board approves $100,000 transfer to a liquid CD and pays bills
Summary
The board agreed to transfer $100,000 from the General Fund into a liquid certificate of deposit and approved payment of bills by voice vote; Trustee Wolff moved and Trustee Dalton seconded.
The Village of Makanda Board authorized a transfer of $100,000 from the General Fund into a liquid certificate of deposit after discussing prevailing interest rates at the March 3 meeting. The Treasurer requested the transfer; trustees agreed the investment better positioned reserve funds to earn interest.
Following that request, Trustee Wolff moved and Trustee Dalton seconded a motion to accept the Treasurer's Report, pay outstanding bills and purchase the liquid CD; the motion passed by voice vote with all members present at roll call voting yes. The board did not record any dissenting votes.
