Santa Ynez Community Services District Board Meeting Minutes March 2026
Board Approves CD Investments Recommended by King Capital
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Description
The Board authorized the Treasurer to reinvest money market funds into four Certificates of Deposit of about $245,000 each, following recommendations from investment advisor King Capital Advisors. This action aims to improve investment returns while maintaining appropriate liquidity and FDIC coverage.
Contract Details
Contract Amount
Approximately $245,000 per CD (four CDs)
Vendor
KING CAPITAL ADVISORS
Agency
Santa Ynez Community Services District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Renewal Info
One-time authorization to place four CDs at terms and rates recommended by King Capital Advisors; future reinvestments would require additional Board direction or existing policies.
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EXTENDEDIssuing Agency
Santa Ynez Community Services District
Special District
Santa Ynez, CA
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