Catherine Rhodes addresses $1.6 trillion cash flow concerns in financial report

During the April 22, 2025, County of San Diego Board of Supervisors meeting, financial concerns took center stage as Catherine Rhodes presented the periodic financial report. The report revealed a staggering $1.6 trillion in cash reserves and $15 billion in fund balances from the pooled investment fund.

Rhodes highlighted the importance of these figures, emphasizing the need for prudent financial management. However, a notable concern was raised regarding potential losses tied to recent investments in the stock market. One speaker speculated that the arrival of former President Trump may have influenced investment decisions, suggesting that a significant portion of the funds could be at risk due to market volatility.

The discussion underscored the critical nature of financial oversight in the county, with officials stressing the importance of safeguarding public funds. As the meeting concluded, the board acknowledged the need for ongoing evaluation of investment strategies to protect the county's financial health in uncertain economic times.