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ORGANIZATIONAL BOARD MEETING TOWN HALL JANUARY 7, 2026 7:30 P.M. A motion was made by Councilwoman Selby and was seconded by Councilwoman Martin to authorize the Supervisor and the Tax Collector to invest surplus monies. This authorization includes participation in New York Cooperative Liquid Assets Security System (NYCLASS) and Empire Public Investment Cooperative (EPIC) Fund. Supervisor Keding Yes Councilwoman Martin Yes Councilman Penders Yes Councilwoman Selby Yes Councilman Stephan Yes five (5) Yes Carried A motion was made by Supervisor Keding and was seconded by Councilwoman Selby to approve investment policy: Investment policy previously adopted by the Town Board where idle town monies may be invested, subject to any further regulation from the State Comptroller pursuant to Section 39 of the General Municipal Law as follows: 1. Obligations of Federal Government - Treasury Notes, Treasury Bills, etc. 2. Obligations of Federal Agencies Guaranteed by the Government. 3. Obligations of the State of New York 4. Certificates of Deposit in Commercial Banks, which are FDIC insured. 5. Regular Savings Accounts, Money Market Accounts in Commercial Banks if proper securities are provided for all monies invested in excess of the amount secured by FDIC. 6. Tax Anticipation Note and Revenue Anticipation Notes of another municipality, district, corporation or school district, any other investments not listed will require prior approval by the Town Board and be in conformance of all state statutes. The Town Supervisor will keep a record of all such investments and provide a report to all Town Board Members monthly. Supervisor Keding Yes Councilwoman Martin Yes Councilman Penders Yes Councilwoman Selby Yes Councilman Stephan Yes five (5) Yes Carried A motion was made by Councilman Stephan and was seconded by Councilwoman Martin to authorize the use of a Signature Stamp for Supervisor Keding. Supervisor Keding Yes Councilwoman Martin Yes Councilman Penders Yes Councilwoman Selby Yes Councilman Stephan Yes five (5) Yes Carried