Council authorizes opening a 3.85% CD using Utility CIP funds
Council authorized Town Manager Majher and Town Treasurer Rickards to open a Certificate of Deposit at FNB Bank at a rate of 3.85% using Utility CIP funds; the motion passed unanimously.
The full story
The council approved a motion authorizing the Town Manager and Town Treasurer to open a Certificate of Deposit at FNB Bank, which is offering a rate of 3.85%, funded from Utility CIP accounts. Vice‑Mayor Linden A. Fravel summarized the Finance Committee discussion about the new accounting software and staffing needs before council approved the banking action.
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