THE MINUTES OF THE MEETING OF THE BOARD OF PUBLIC WORKS
September 30, 2024
The special meeting of the Board of Public Works was held on September 30, 2024, at 4:00 pm in the General Manager’s Office. Those in attendance were President David Ausmus, Vice President Jeff Roberts, Board Member David Wilt, Board Member Chris Nelson, General Manager Dana Ulmer, and Controller Jennifer McLeland.
President David Ausmus called the meeting to order at 4:00 pm.
- The minutes from the last regular meeting of the Board of Public Works were reviewed. Controller Jennifer McLeland accessed the options available to transfer certificates of deposit (CDs) with remaining terms of 42-months or less to various banks in Macon. Board Member Chris Nelson recommended transferring all existing unmatured CDs with less than 42-months remaining to MA Bank’s special rates of 21 and 42-months to capitalize on the additional interest income rather than maintaining the existing ladder program.
Following discussion amongst the Board, Vice President Jeff Roberts made a motion, seconded by President David Ausmus, to approve the minutes of the September 16, 2024, inclusive of the transfer of all unmatured CDs with less than 42-months remaining to MA Bank special rate terms and all matured and new CDs to Southern Bank’s 60-month term. The motion carried with four votes for and none against.
Under old business
- There was no old business to discuss.
Under new business:
- There was no new business to discuss.
A motion to adjourn was made by Board Member Chris Nelson, seconded by Board Member David Wilt to adjourn the meeting at 4:44 pm, with the next regular board meeting set for Monday, October 21, 2024, at 5:00 pm in the City Council Chambers. Motion carried with four votes for and none against.