Cherokee County adopts IPAIT resolution, updates investment policy
The Board of Supervisors approved a resolution authorizing participation in the Iowa Public Agency Investment Trust and accepted changes to the county’s investment policy after a presentation from County Treasurer Jodi Mongan outlining cash balances and depository choices.
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County Treasurer Jodi Mongan told the Cherokee County Board of Supervisors on Jan. 13 that the county’s total cash on hand at Dec. 30, 2025, was $13,559,038.92, including $5,992,011.93 in the Secondary Roads Fund. The board voted to adopt Iowa Public Agency Investment Trust (IPAIT) Resolution #2026‑03 and approved updates to the county’s investment policy reflecting the Treasurer’s recommendations.
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