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Board approves moving district funds from Edward Jones to state short-term investment pool
Summary
A board member presented a resolution to transfer district funds from Edward Jones to the state short-term investment pool (STIP) citing better rates; the resolution and authorization to pay June bills passed by voice vote.
A board member recommended a resolution to move district funds from Edward Jones to the state's short-term investment pool, citing improved rates. "This is just the resolution, basically, allowing us to go ahead and take our funds that are currently with Edward Jones and move them over to the state," the board member said.
The motion was seconded and approved, and the board also authorized payment of the June bills. Staff said they would add a colleague to the resolution link and follow administrative steps required to transfer funds.
