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Board names depositories, safekeeping bank and authorizes electronic transfers
Summary
The board designated Pope County banks and the Minnesota Liquid Asset Fund as official depositories, named United Bankers Bank as safekeeping agent, set mileage at $0.70/mile, approved machine-signed checks and authorized electronic fund transfers by two staff members for 2025.
The Minnewaska Area Schools Board approved key finance and administrative authorizations for 2025. By motion, the board designated all Pope County banks and the Minnesota Liquid Asset Fund as official depositories for the calendar year and named United Bankers Bank as the official safekeeping entity for collateral on behalf of the district.
The board also set the mileage reimbursement to follow the federal rate at $0.70 per mile for 2025, approved the use of machine-signed checks for the year, and authorized electronic fund transfers to be executed by Drew Olsonawski and/or Charles (Chip) Rankin. Each of these motions passed by unanimous roll-call vote.
