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FINANCIAL_SERVICESAPPROVED

Mayes County Rural Water District 2 Meeting Minutes January 2026

District OKs Edward Jones to Reinvest CDs

$1,145,000 plus interest and $315,000 (CD principal amounts to be reinvested)Mayes County Rural Water District 2EDWARD JONES COMPANYJanuary 12, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Description

Mayes County Rural Water District No. 2 authorized Edward Jones Company to reinvest seven maturing certificates of deposit totaling $1,460,000 plus interest. The funds will be placed in one-year CDs at the best available FDIC-insured rates.

Contract Details

Contract Amount

$1,145,000 plus interest and $315,000 (CD principal amounts to be reinvested)

Vendor

EDWARD JONES COMPANY

Agency

Mayes County Rural Water District 2, OK

Contract Type

FINANCIAL_SERVICES

Document Date

January 12, 2026

Contract Term

One-year terms for reinvested CDs starting at respective maturity dates (January 30, 2026 and March 2026)

Renewal Date

2027-03-31

Renewal Info

Board authorization covers reinvestment of the specific CDs maturing January 30, 2026 and in March 2026 into new one-year terms at prevailing rates with FDIC coverage; future reinvestments will require subsequent Board action.

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