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Trustees approve $119,330.48 in bills, CD renewals and $125 employee holiday bonus
Summary
The board approved payment of $119,330.48 in bills, accepted the October treasurer's report, approved renewing four CDs at 3.89% APY (adding $50,000 to IMRF and Social Security CDs) and authorized a $125 holiday bonus for eligible employees.
On unanimous votes the Ladd Village Board approved several routine financial items. Trustees authorized payment of bills totaling $119,330.48, accepted the October 2025 Treasurer's Report, and approved renewing four Certificates of Deposit for nine months at a 3.89% annual percentage yield with an additional $50,000 allocated to IMRF and Social Security CDs.
Trustee Brad Nicholson moved, and Trustee Bernie Victor seconded, a motion to award a $125 holiday bonus to eligible employees, consistent with prior years; that motion also passed unanimously. These actions were approved without dissent and were described by the clerk as routine fiscal housekeeping ahead of the 2026 budget cycle.
