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Friday, November 22, 2024

St Joseph board reviews village's investment portfolio

St.joseph

Board member Tami Fruhling-Voges said the village will roll over three CDs for another six months. | File photo

Board member Tami Fruhling-Voges said the village will roll over three CDs for another six months. | File photo

The Village of St. Joseph board met Feb 9 to review the village's investments.

Board member Fruhling-Voges said the village will roll over three CDs for another six months. These include $75,000 in general fund money and $25,000 in equipment fund money held at Gifford Bank, plus another $70,000 in Motor Fuel Tax funds held at Longview Bank.

The board also voted 6-0 to approve the appointment of Steve Huls to the St. Joseph Planing Board and approved an abatement resolution for $137,356 to cover the village's general obligation bond payment.

The meeting was adjourned after 36 minutes.

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