Kimball City Council Meeting Minutes April 2026
City Moves Funds to CDs at First Dakota Bank
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Description
The Kimball City Council authorized moving up to $300,000 into short-term certificates of deposit with First Dakota Bank, with terms to be finalized based on rates and budget needs. This action is intended to manage city funds more effectively while earning interest.
Contract Details
Contract Amount
up to $300,000
Vendor
FIRST DAKOTA BANK
Agency
City of Kimball, SD
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
short term certificates of deposit (CDs), terms to be determined by rates and budget needs
Renewal Info
Investment will mature at the end of each CD term and may be reinvested depending on future council action.
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