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The committee recommended revisions to the Village’s investment policy, including lowering the collateral requirement from 105% to 102% to reduce costs while still protecting uninsured investments.
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The Finance Committee voted to send the investment policy changes to the Village Board. The main change would let the Village require 102% collateral instead of 105% when it invests money, which staff said would save money without reducing protection for uninsured funds. The committee also discussed a quarterly budget review policy, the FY25 audit, and the Village’s cash flow and financial reports.
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