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File #: ID 25-0498    Version: 1 Name:
Type: Informational Report Status: Other Business
File created: 11/5/2025 In control: Library Board
On agenda: 11/13/2025 Final action:
Title: Library Fines CD
Attachments: 1. Library Board Agenda Memo - FBT CD - November
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Library Fines CD

 

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Summary and Recommended Action:

The Library CD at First Bank and Trust is in a governmental CD which accumulates significantly less APY then a consumer CD.

Due to being unable to put these funds into a consumer CD staff recommends pulling all funds from the CD and depositing in the Fines checking account.

 

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Attachments:

Library Memo - Fines CD