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Treasurer reports dip in investment pool, large property tax distributions; health fund short $5,100
Summary
At the Sept. 11 finance committee meeting the treasurer said county investment pool assets were down nearly $1 million heading into September, noted two recent large property tax distributions, and said the county's health fund shows an out-of-balance item of about $5,100 that staff will reconcile next month.
Boone County Treasurer's monthly report presented to the finance committee on Thursday showed the county's investment pool fell by nearly $1 million at the end of August and that the county received two recent property-tax distributions.
"Our investment pool assets are down not quite a million dollars," the treasurer reported, attributing the decline in part to ongoing construction payments and road projects that have caused cash to flow out as bills are paid. He also said returns remain largely unchanged in the interest-rate market since a month ago, and that about…
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