ITEM NUMBER: 6.E.
School Board Regular Meeting
- Meeting Date:
- 05/04/2015
- Prepared By:
- Jerry Kolander
Item Type:
Action
Subject:
Addition of Official Depository
Background:
At the January 5, 2015, School Board organizational meeting, action was taken to designate depositories for school district funds. Pioneer Bank has joined a network of banks to offer an Insured Cash Sweep product with deposits insured by the Federal Deposit Insurance Corporation.
Recommended Action:
The administration recommends adding Pioneer Bank to the list of official depositories.