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2/12/2023 8:11:16 PM
 
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Section 5: OPA Board Subject: Too Much Money Msg# 1182235
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Amy:
Good for you! You go right ahead and put as much of “your” money into the bank as you want, but not mine! The chart used at the budget hearing is showing around 1.5% interest on our $6.5 Million Dollars. I can buy 1 year CDs for 4.5% FDIC all day long. Management stopped disclosing rates of return a few months ago. It is our money and we deserve the best safest return available. Marty |
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For reference, the above message is a reply to a message where: The figure I stated was mentioned in b&f meetings...it isn't something I just threw out. There was a five year schedule that showed the estimated percentages for each year to get us to this recommended study. The B&F committee also recommended money be put into road reserves which is happening. Like I said...I like money in the bank. |
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