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Board approves $15,038 insurance renewal and ratifies $31,655.86 in bills
Summary
Treasurer Marissa reported about $623,000 in checking and presented an insurance renewal totaling $15,038.09; the board voted to approve the renewal and ratified $31,655.86 in outstanding bills, including payments to LP Insurance Services and McMillan McPhee.
Treasurer Marissa (S9) presented the financial update and said the district has about $623,000 in its checking account and has discussed possible transfers to Raymond James for investment. She summarized the operating position and noted expenses are at roughly 63% of budget while income is near projections.
Marissa read the insurance renewal details: the insurance portion is about $13,000 and, "with the agency services compensation fee, the total will be $15,038.09." Kent (S2) moved to approve the renewal, a board member seconded and the motion carried by voice vote.
The board then reviewed an itemized bills list read by S2, which totaled $31,655.86 and included charges such as LP Insurance Services ($15,038.09), McMillan McPhee ($4,804.98), Copy LLC ($1,250) and Elko Daily Free Press ($146.16). A motion to ratify payment of those bills was moved, seconded and approved by voice vote.
Chair (S1) also asked Kent and Misty to meet with Marissa within 30 days to review finances and recommend investment options. No dissent was recorded on the approvals.
