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City of Peru Finance Committee met May 8.
Here is the agenda as provided by the committee:
ROLL CALL:
• PRESENTATION
• PUBLIC COMMENT
• DISBURSEMENTS
• MINUTES
o Finance Committee Minutes of April 24, 2023
o Closed Session Minutes of August 15, 2022, August 29, 2022 and January 6, 2023
• OLD BUSINESS
o Tracy Mitchell, Finance Officer
o Kim Reese, Director of Human Resources
• NEW BUSINESS
o Discuss/recommend reinvestment of the Utility Fund-Midland bank account related closing on May 1st in the amount of $811,312.00
o Discuss/recommend investing the following:
• ANCO Credit Union $250,000 @ 4.25% for 1 year maturing 5/1/2024
• Central Bank $280,000 for 9 months @ 4% maturing 2/2/2024
• Central Bank $280,000 for 13 months @ 4% maturing 6/2/2024
o Discuss/recommend $10,000 contribution to The Illinois SBDC at the Starved Rock Country Alliance
• PUBLIC COMMENT
• CLOSED SESSION
• ADJOURNMENT
https://www.peru.il.us/city-government/forms-and-documents/agendas/finance-committee-agenda/2023-fin/6060-finance-committee-agenda-05-08-23/file
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