River Ridge to move $700,000 into Insured Cash Sweep; staff to explore CDs
Board accepted unaudited financial statements as of March 31, 2026. Kurt Blumenthal recommended using an Insured Cash Sweep (ICS) account; staff said $700,000 will be transferred to ICS and long-term certificates of deposit will be investigated for investment options.
The full story
Cleo Adams presented the unaudited financial statements as of March 31, 2026. Supervisor Kurt Blumenthal said the Insured Cash Sweep (ICS) account provides benefits, and District staff agreed: Mr. Adams said he will transfer $700,000 to the ICS account and will research long-term certificates of deposit for possible future placement.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in