Board of Finance approves quarterly investment strategy after treasurer reports steady collections and ARPA drawdown

Deputy Treasurer Ryan Travellstead presented the county's quarterly investment report to the Board of Finance and the board voted to give advice and consent to the proposed quarterly investment strategy.

Travellstead told the board the treasurer's priorities remain the same: "safety of principal, liquidity, and then focus on yield." He said deposits were fully collateralized under state statute and that property tax and gross receipts tax collections were close to budgeted expectations for the fiscal year. The board approved the investment strategy on a roll-call vote after the presentation.

Why it matters: the investment strategy guides how the county manages cash to pay bills and support operations. Travellstead said total cash balances have declined from roughly $781 million in June 2024 to about $721 million in June 2025, a change he attributed largely to spending of American Rescue Plan Act (ARPA) funds. The board's decision affirms the county's current approach to liquidity and duration management as the ARPA drawdown…