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Lometa moves several municipal accounts to interest-bearing Cadence Bank accounts
Summary
Council approved changing six municipal court and city accounts to interest-bearing accounts at Cadence Bank, covering court technology, security, jury duty, truancy prevention, city cemetery and police LEOSE funds.
The Lometa City Council approved a motion April 7, 2025 to change six specified municipal court and city accounts to interest-bearing accounts with Cadence Bank.
The accounts listed in the minutes are: Lometa Municipal Court Technology Fund, Municipal Court Building Security, Municipal Court Jury Duty Fund, Municipal Court Local Truancy Prevention and Diversion Fund, Lometa City Cemetery Account, and Lometa Police Department LEOSE Account. Councilmember Alex Witherspoon moved the action and Councilmember Karen Chism seconded; the minutes reflect approval.
Minutes do not state anticipated interest rates, effective date for account changes, or any bank authorization documents; staff follow-up will be required to provide implementation details and record confirmations with the bank.
