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Gallatin Board of Aldermen review investments while tackling a busy agenda
The Gallatin Board of Aldermen took action on various matters Monday evening. Certificate of deposit rates from Farmers Bank of Northern Missouri and BTC Bank were reviewed. The board approved cashing out the sales tax CD that matures January 27th for $65,199.06 and purchasing a 36-month CD at the highest interest rate between Farmers and BTC. There was a discussion on the options for the $700,000 water/sewer CDs that were cashed out in December. Alderman Steve Evans moved to approve $350,000 in a 12-month CD, $250,000 in a six-month CD and keeping $100,000 available for engineering costs for the sewer