School District Quarterly Cash and Investment Report May 2026
District OPEB Trust Managed by Bremer Bank
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Description
The district continues to utilize Bremer Bank’s trust services department to manage its OPEB Trust, which has grown to $15,466,328 as of April 30, 2026 after funding retiree obligations over multiple years. The Bremer-managed trust supports long-term retiree benefit liabilities while staying within board-approved asset allocation limits.
Contract Details
Vendor
BREMER BANK
Agency
Buffalo-Hanover-Montrose Public Schools, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Since October 2009; ongoing as of April 30, 2026
Renewal Info
Long-term ongoing trust and investment management relationship for the OPEB Trust opened in October 2009; no specific renewal date stated.
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