Town renews Fortifi CDs for road and contingency funds
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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.
More from FORTIFI
More from Town of Omro
Town of Omro Board Minutes December 2025
Town of Omro Board Minutes December 2025
Southern Winnebago EMS Ambulance Board Meeting Minutes December 2025
Omro Town Board Agenda November 2025
Omro Town Board Minutes November 2025
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