Title
Library Fines CD (First Bank and Trust)
Body
Summary and Recommended Action:
The First Bank & Trust CD - Fines Account, is up for re-investment November 12, 2025.
Staff would like to take $4,000 of un-encumbered funds from the fines account and add to the CD for a total deposit of $10,000. A $10,000 minimum deposit is required in order to invest at the highest APY rates available for CDs.
Recommendation: Approve adding $4,000 to the CD and re-invest for 12 month.
Body2
Attachments:
Library Board Memo