Board names official depositories, sets treasury deposit limits for 2026
January 02, 2026 | Palo Alto County, Iowa
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The board approved resolutions designating official depositories and establishing deposit limits for elected officials and the county treasurer for 2026. Resolution 1‑2‑2026(D) lists specific depositories and maximum amounts for certain elected officials (for example, John King, Sheriff — $200,000). Resolution 1‑2‑2026(E) sets aggregate county treasurer deposit limits at West Iowa Bank ($20,000,000), Iowa Trust & Savings ($30,000,000) and Cent Credit Union ($5,000,000).
The measures were presented and adopted without dissent. The action ensures the county and elected officials have pre‑approved institutions for depositing public funds during 2026 and formalizes the maximum amounts authorized per institution.
The measures were presented and adopted without dissent. The action ensures the county and elected officials have pre‑approved institutions for depositing public funds during 2026 and formalizes the maximum amounts authorized per institution.
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