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Council authorizes moving memorial fund into nine‑month flex CD
Summary
Whitaker council directed the secretary to move the memorial fund balance of $4,028.98 into a nine‑month flexible CD at FNB.
The borough council voted July 14 to move the memorial fund balance of $4,028.98 from the current savings account into a nine‑month flexible certificate of deposit at FNB. The motion was presented and carried by voice vote.
Minutes record the exact amount to be transferred and the target account type (9‑month flex CD). No further discussion of investment terms or expected interest was recorded in the meeting minutes.
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