Treasurer answers financial security questions

By Tony Farkas
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 GROVETON — During discussion about county finances, County Treasurer Bob Dockens was questioned about the security of county deposits and investments.

The discussion was held Feb. 22 during a regular meeting of the Trinity County Commissioners’ Court. Commissioner Neal Smith asked Dockens if the county’s money is protected.

Dockens said that what deposits can be are covered by FDIC to the maximum as allowed by law. However, when the FDIC limits of protection are exceeded, other methods are employed.

The FDIC insures accounts up to $250,000 per bank, according to FDIC.gov. In the case of Citizens State Bank, where the county has its accounts, the bank has $4 billion in bonds as security, pledged to the account.

“Our bank accounts are collateralized by this,” he said. “Our investments have a similar type of protection.”

Dockens said there are insurance policies in place for investments as well.

In other business, the court:

• proclaimed February as Black History Month;

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• approved hiring Terracon for soil testing at a piece of property  that is a potential jail site;

• approved personnel action forms;

• approved a maintenance contract with VistaCom for $3,251 for a recorder system for the Sheriff’s Office;

• approved a budget amendment of $5,000.23 to balance the county’s books;

• approved seeking bids for road work on Joe Bailey Road;

• tabled a decision on the purchase of a storage unit;

• set April 13 as the Spring Trash cleanup date; and

• tabled a decision to enact a burn ban in the county.