Illinois Valley Times

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