Madera Cemetery District Minutes Regular Board Meeting 2026-03-24
District Invests Funds in Prudential Bond
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Description
The Madera Cemetery District invested maturing Preneed and Endowment Interest funds into a Prudential corporate bond. This allocation forms part of the District’s broader fixed-income investment strategy for long-term cemetery funds.
Contract Details
Contract Amount
$446,000 Preneed funds; $32,799 Endowment interest (portion invested)
Vendor
PRUDENTIAL
Agency
Madera Cemetery dist, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Renewal Info
Bond investment will remain until maturity or until the District elects to sell; specific maturity date not given in minutes.
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