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Treasurer: DDA checking ends May at $128,784.83 after $250,000 transfer to CD
Summary
Treasurer Hayman presented May financials showing a checking-account ending balance of $128,784.83 after a $250,000 transfer to a certificate of deposit (maturing Nov. 3, 2026). Transactions noted included Real Property deposits of $77,454.93 and payments connected to the paver project.
Treasurer Hayman reviewed the DDA's May 2026 Treasurer and Budget Reports and summarized account activity.
The minutes record a checking-account starting balance of $356,244.94, Real Property deposits of $77,454.93, interest of $44.58, a $250,000 transfer to a certificate of deposit and specific payments including a $30,000 paver project check, $9,924 to Signs and Moore, $35.62 to DTE, and a second brick-paver payment of $15,000. After those transactions, the minutes list an ending checking balance of $128,784.83. The CD balance was recorded as $250,000 with a maturity date of 11/03/2026.
A motion to approve the Treasurer's Report was made by Miller and supported by Byrum; "The motion carried," according to the minutes.
