County discussions on spending ARPA funds still ongoing

Previous discussions about investing the bulk of the County’s ARPA funds into 12 laddered Certificates of Deposit was continued on Monday, July 12th.

Creek County Treasurer Don Engle presented a spreadsheet the Board requested with details of the transactions. The plan involves placing $6.9M total into twelve $575K CDs with maturity dates staggered each month for the next year. This would leave roughly $46K of the funds liquid.