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SGCS holds Board of Finance meeting

January 23, 2014

CHURUBUSCO — Smith-Green Community Schools held its annual meeting of its Board of Finance Monday.

The purpose of the meeting was to comply with state statutes and update the board on the district’s investments.

SGCS Board President Nick Uecker and Secretary Luke Gross were elected to those same positions for the Board of Finance.

Business Manager Todd Fleetwood recommended the district remain with STAR Financial for its investments.

Fleetwood reported the district had funds in a Step CD with STAR. By the third year of the CD, SGCS had an interest rate of 2.65 percent.
“That is pretty much unheard of for a CD,” Fleetwood said.

That percentage created a yield of just more than $19,000 for the district last year.

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