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FINANCIAL_SERVICESRENEWED

Omro Town Board Minutes November 2025

Town renews Fortifi CDs for road and contingency funds

Private Road Funds CD (full balance) for 11 months at 4.06%; Contingency Fund CD (full balance) for 6 months at 4.06%Town of OmroFORTIFINovember 17, 2025

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The Omro Town Board renewed two certificates of deposit with Fortifi, extending the Private Road funds CD for 11 months at 4.06% and the Contingency Fund CD for 6 months at 4.06%. Cash flow projections indicate the town can maintain these investments without tapping contingency funds for at least six months.

Contract Details

Contract Amount

Private Road Funds CD (full balance) for 11 months at 4.06%; Contingency Fund CD (full balance) for 6 months at 4.06%

Vendor

FORTIFI

Agency

Town of Omro, WI

Contract Type

FINANCIAL_SERVICES

Document Date

November 17, 2025

Contract Term

Private Road funds CD: 11 months; Contingency Fund CD: 6 months (both starting upon November 2025 maturity)

Renewal Date

2026-10-31

Renewal Info

Private Road funds CD renewed for 11 months and Contingency Fund CD renewed for 6 months at 4.06% interest; future renewal decisions will depend on cash flow and ambulance service costs.

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