Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Treynor board adopts 2025–26 bank depository resolution naming three banks and maximum balances
Summary
The board adopted a resolution naming TS Bank, UMB Bank and Wells Fargo as authorized depositories for district funds and set maximum deposit amounts ($20M, $10M, $250K respectively).
The Treynor Community School District board read and approved a bank depository resolution for the 2025–26 year that names three authorized financial institutions and sets maximum balances for each. The chair read the resolution on the record: "Resolve that the Treynor Community School District of Treynor, Iowa, in Pottawatomie County, Iowa, approves the following list of financial institutions to be depositories of the Treynor Community School District's funds." The resolution lists TS Bank (maximum $20,000,000), UMB Bank (maximum $10,000,000), and Wells Fargo (maximum $250,000).
A board member moved to approve the resolution and another seconded; the board approved the motion by voice vote. The chair recorded the passage of the resolution and noted the business manager/board secretary/board treasurer is authorized to deposit funds up to the stated maxima at the listed institutions.
