Good Governance Training and Updated Meeting Procedures: The Board received their annual good governance refresher training focusing on developing effective teams, clear roles, conducting efficient meetings, and emergency preparedness. Additionally, the Board adopted new procedural guidelines based on Rosenberg's Rules of Order, which will streamline meeting efficiency by requiring motions and seconds before debate, with technical questions reserved for clarification before motions are made. These changes aim to reduce meeting length while ensuring all Directors have fair opportunity to be heard.
Banking Transition to Five Star Bank Approved: The Board unanimously approved transitioning the District's primary banking relationship from BMO to Five Star Bank, projected to save approximately $106,000 annually through reduced fees (~$1,800/quarter) and higher interest earnings (~$25,000/quarter). Five Star Bank specializes in serving government agencies and will provide dedicated relationship management, a sweep account with LAIF-equivalent earnings rates, and armored car deposit services to reduce staff risk.
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