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Allen County treasurer summarizes 2024 investments; commission adopts 2025 investment policy
Summary
Treasurer Samantha Chenery reported $17.5 million in interest earned on county funds for 2024 and described changes in banking relationships; the Board of Commissioners voted to adopt the county's 2025 investment policy.
Samantha Chenery, Allen County treasurer, presented a summary of the county's investments and bank accounts for the 2024 calendar year and the board voted to adopt the county's investment policy for 2025.
Chenery told the Board of Commissioners that securities that matured or were called in 2024 produced $913,639.59 in interest and that total interest earned across all county funds was $17.5 million. She said the county uses a laddering strategy for investments, typically maturing instruments about every two months, and that her office is working to correct gaps left during the…
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