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Board authorizes $2.9 million in 13‑week Treasury‑bill purchases across three funds
Summary
The Rankin CSD 98 Board approved a plan to invest $2,000,000 from the Education Fund, $300,000 from the Building Fund, and $600,000 from the Transportation Fund in 13‑week Treasury bills, voting 6–0 to authorize the district treasurer to make the purchases.
At the July 28 meeting, Member Leann Kohl moved and Member Dan Pollman seconded a motion authorizing the district treasurer to purchase 13‑week U.S. Treasury bills in three fund allocations: $2,000,000 from the Education Fund, $300,000 from the Building Fund, and $600,000 from the Transportation Fund.
The motion passed on a roll call vote of 6–0. The board did not discuss a competing investment strategy during the meeting; the action was presented as a straightforward cash‑management decision to place available funds in short‑term Treasury instruments. The approval directs the treasurer to execute the purchases as described in the motion and aligns with the district’s conservative fiscal approach described earlier in the meeting.
