Become a Founder Member Now!

Supervisors approve $150,000 CD renewal from opioid-settlement funds to earn 3.95% for seven months

October 13, 2025 | Carroll County, Iowa


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Supervisors approve $150,000 CD renewal from opioid-settlement funds to earn 3.95% for seven months
Carroll County supervisors voted to renew $150,000 of a $200,000 certificate of deposit tied to opioid-settlement proceeds for seven months at a 3.95% interest rate.

Board members discussed leaving a portion of the proceeds available for anticipated grant requests and decided a $150,000 renewal would leave roughly $70,000 liquid for immediate use. The renewal was moved, seconded and approved by voice vote.

The opioid settlement fund committee expects to meet in January and review additional applications; supervisors noted that leaving some funds liquid will allow the county to respond to end-of-year or early-year requests without amending the budget.

Ending

County staff were asked to coordinate with the bank contact (Lisa) to effect the renewal and to leave the remaining funds in the county account for use as needed.

View full meeting

This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

View full meeting

Sponsors

Proudly supported by sponsors who keep Iowa articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI