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Findlay officials defend investment practices, agree to review cash-management process
Summary
City Auditor Jim Stasiak told the Findlay City Appropriations Committee on Aug. 5, 2025, that the city’s $101,000,000 investment portfolio is “doing extremely well” and yields about 3.8% before fees, comparing favorably to a county portfolio yield the auditor cited as 3.67% before adviser fees.
City Auditor Jim Stasiak told the Findlay City Appropriations Committee on Aug. 5, 2025, that the city’s $101,000,000 investment portfolio is “doing extremely well” and yields about 3.8% before fees, comparing favorably to a county portfolio yield the auditor cited as 3.67% before adviser fees.
The presentation, led by Deputy Auditor Ginger Samson, traced the city’s investment rules and history and stressed statutory limits on selling securities before maturity. “By law, any investment must be purchased with the intent to hold until maturity,” Samson said, explaining why the city limits investment maturities and weighted average maturity timelines.
The discussion matters because a large portion of short-term cash the auditor must keep available for daily operations — payroll, debt service and large contractor payments — is currently held in very liquid accounts. Council members questioned whether more of…
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