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Central SD 51 shifts short-term funds into higher-interest accounts and CDs
Summary
Administrator Dale Heidbreder said the district is moving funds into higher-interest money market accounts and 3- and 6-month CDs at Washington State Bank and Washington Community Bank to optimize returns.
Heidbreder reported he and Mrs. Dobbelaire are collaborating with Washington State Bank and Washington Community Bank to place funds into higher-interest money-market accounts supplemented by a mix of 3- and 6-month certificates of deposit. The minutes present this as an administrative cash-management decision intended to improve short-term returns.
No specific dollar amounts of the transfers were listed in the minutes; the record indicates the approach involves staggered short-term instruments to preserve liquidity while achieving modestly higher interest.
