Western Cass CASHED OUT All the CD's!!! ($43K Plus)

The District used to have more than $43,000 in CD's earning INTEREST at Citizens Bank.  Those CD's have been there for more than 20 years to have as an emergency fund.  They were ALL cashed out because Citizens Bank no longer wanted to do business with the District.

This money was SUPPOSED to be placed into another CD or investment account, but this never happened.  The money instead was placed into the General Revenue NON INTEREST bearing account to be spent with no restrictions.

The newest Treasurer, Mike Bigg produced a Treasurer's report shows numerous issues, but it does show all of the CD's were cashed out.

Notice on the Balance Sheet produced on December 20, 2023 @ 6:20PM

This means Western Cass has NO EMERGENCY RESERVES and NO money is earning any interest.