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Treasurer reports $200,000 CD purchase; maintenance details include truck repair and salt order
Summary
Treasurer Machkovich reported June credits of $19,712.17 and debits of $60,232.31, a $200,000 transfer to a 31‑day CD at Horicon Bank at 4.2%, a noted Kartechner check for $173,803.10, and a loan balance of $285,314.30. Maintenance staff detailed equipment repairs including a $3,057 dump‑truck electrical repair and a 100‑ton salt order.
At the July 14 meeting, Treasurer Machkovich gave the town's financial update, reporting June credits of $19,712.17 and debits of $60,232.31. He said the town transferred $200,000 into a 31‑day certificate of deposit at Horicon Bank effective June 20 at an interest rate of 4.2%. Machkovich also noted a Kartechner check for $173,803.10 and reported the loan balance stood at $285,314.30.
On maintenance, town staff reported equipment and road‑work activity: replacement of weather‑damaged cameras at boat landings; routine mower servicing including oil and blade replacement; cleanup of windstorm damage from June 23; and an order for 100 tons of road salt at $112.59 per ton to be delivered in September. The minutes record a dump truck experienced an electrical fire at Horner's Landing, was towed to D&E Diesel in Markesan and repair costs were $3,057.00; a tractor tire was punctured by a fence post and was replaced.
