School District Quarterly Cash and Investment Report May 2026
Bremer Bank Continues Managing District OPEB Trust
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Description
The district continues its ongoing engagement with Bremer Bank’s trust services department to manage the OPEB Trust, which has grown from $10.7 million at inception in October 2009 to $15.5 million as of April 30, 2026. The trust has funded nearly $9.8 million in retiree obligations while maintaining a surplus relative to projected OPEB and compensated absences liabilities.
Contract Details
Vendor
BREMER BANK
Agency
Buffalo-Hanover-Montrose Public Schools, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Trust opened October 2009; balances reported through April 30, 2026
Renewal Info
Ongoing trust and investment management relationship; no specific renewal or expiration terms are described in the report.
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