ISD 88 investment, budget, staffing updates
NEW ULM – During Tuesday’s Study Session, New Ulm Public Schools Business Manager Matthew Moline gave a presentation on district investment earnings, budget and staffing. Moline said the amount invested fluctuates depending on the amount of idle money. As an example, Moline said “Hey we just got this big tax payment in from the county. We can probably put this in a CD (Certificate of Deposit) for three months until the bonds are due.” A CD creates interest through an agreement to keep a certain amount of money in an account for a determined period…
