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Board moves $470,000 into 182-day certificates of deposit
Summary
Trustees approved moving $300,000 from the TIF account and a combined $170,000 (two transfers: $20,000 Cemetery, $150,000 General Fund) into 182-day CDs at Peoples National Bank.
Clerk Ries reviewed fund balances and recommended transferring portions of village funds into short-term certificates of deposit. Trustee Yepsen moved, seconded by Trustee Price, to move $300,000 from the TIF account into a 182-day CD at Peoples National Bank; the motion carried with one abstention (Pratt).
Trustee Yepsen then moved, seconded by Trustee Pratt, to move $20,000 from the Cemetery account and $150,000 from the General Fund into two 182-day CDs at Peoples National Bank; the board approved the transfers by roll call. Clerk Ries will record the transfers and update the village's account balances.
