Genoa-Hugo School District C-113 Regular Board of Education Meeting Minutes 2026-06-15
District Approves $100,000 One-Month CD At Stockmens
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Description
The Genoa-Hugo School Board authorized transferring $100,000 to Stockmen’s Bank for investment in a one-month rolling certificate of deposit. This short-term financial services arrangement is intended to manage district funds more effectively.
Contract Details
Contract Amount
$100,000
Vendor
STOCKMENS BANK
Agency
Genoa-Hugo School District C-113, CO
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
1 month rolling CD
Renewal Info
CD is structured as a 1-month rolling instrument, implying automatic monthly renewal unless modified or redeemed by the district; specific rollover terms not detailed.
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