[Board] Transfer funds

[Darcy Beard]

Geoff,

The cash disbursements to be presented for payment on Thursday total
$21,856.70 leaving the checking account with a negative balance of
$9,844.32.  Can you please transfer funds to cover the checks?  The
ColoTrust Account has wire instructions set up to transfer funds to the
First Bank if necessary.  The ColoTrust Account number is CO-01-0304 and the
telephone number is 303-864-7474.  The ColoTrust account balance is
$305,950.92.  

 

ColoTrust is currently paying 1.28%.  I don't know what the First Bank
savings accounts are paying but I suspect it is significantly lower than
ColoTrust.  The board may want to consider transferring the balances in the
First Bank savings to ColoTrust to maximize the investment income.

 

Darcy Beard CPA

darcybeardcpa at comcast.net <mailto:darcybeardcpa at comcast.net> 

Office 303-841-3474

Mobile 303-594-5488

 

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