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Showing posts from May, 2023

Cleveland NC Town Board 5-8-2023 - Finance Strategy Paying Off Big

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  Tonight was the monthly board meeting for Cleveland, NC. Various budget issues took up the bulk of the meeting including a review of the new investment strategy. Last year, the town made $7,300 in interest for the entire year. Last month, with the new investment plan adopted earlier, the interest was $21,000 for just the single month. All board members voted to roll investments back into treasury bills as they mature and to continue with the current investment strategy. Ice Machine for Town Hall The board had voted previously to rent an ice machine for town hall and to pay maintenance. The board decided to go with a hotel type dispenser for sanitary reasons. Instead of digging into the ice, it would have a feed to dispense the ice. This type of machine had not been available, however, so the company put in a different ice machine.  The current concern is that the requested machine can now be put in [around August]  but at a cost of $325 quarterly as opposed to $160 quarterly for the