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Kincaid treasurer reports $100,000 CD at 3.3%; bills approved
Summary
Treasurer Merano reported opening a $100,000 certificate of deposit at 3.3% for six months; trustees approved bills and accepted the treasurer's report unanimously.
Treasurer Merano presented the village's financial report and told trustees that the village had opened a $100,000 certificate of deposit at 3.3% interest for six months. Trustee Nelson moved to approve the treasurer's report and Trustee Dees seconded the motion; the board voted all ayes.
Earlier in the meeting the board also approved payment of bills on a motion by Trustee Nelson seconded by Dees. Merano's report was distributed to trustees in advance and referenced a second-page note about the CD purchase; the transcript does not provide the bank name or the allocation of earned interest.
Approval of the treasurer's report and bills clears routine financial business; further budgetary decisions were not taken during this session.
