Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Commissioners approve June cash balance sheet showing $7.27 million in cash assets; discuss investment strategy
Summary
The board approved the June cash balance sheet showing a grand total of $7,268,449.06 in cash assets and discussed wanting banks to compete to retain county business; ledger totals and account breakdowns were included in the minutes.
Commissioners reviewed and approved the June cash balance sheet, which the minutes list with a "GRAND TOTAL CASH ASSETS" of $7,268,449.06. The ledger breakdown included a General Fund balance of $5,935,597.91, Premium MM First Bank & Trust of Toronto at $6,037,178.83, a checking account balance of $918,608.87, and a CD at DNB for $250,000.
During discussion the board emphasized investment strategy and ensuring banks have incentive to keep Deuel County as a customer; no specific new investment vehicle or policy change was adopted during the meeting. The motion to approve the June cash balance was made by Scott Fieber and seconded by Judith Homan; all voted yes.
