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Board approves district depositories and starts banking RFP process
Summary
Waunakee's board approved its current list of banking and investment depositories (One Community Bank; Wisconsin Local Government Investment Pool; AUL Trust; PMA/Public Fund Specialists/WISC; WASBO/BMO Harris for credit cards) and heard that a banking RFP will be issued; motion carried 7-0.
Director of Business Services Newton presented the district's list of banking and depository institutions for approval and explained an upcoming banking RFP process and timeline. The institutions listed for depository, investment, and credit card functions included One Community Bank; Wisconsin Local Government Investment Pool; AUL Trust; PMA-Public Fund Specialists/WISC; and WASBO/BMO Harris for credit card services.
Mark Hetzel moved and Carlena Eaton seconded a motion to approve the current banking/depository institutions as WCSD’s official depositories as presented; the motion carried 7-0. The administration noted it will run a banking RFP and return recommendations to the board in accordance with the district procurement timeline.
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