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Treasurer reports near $3 million in interest income for 2024; county investment posture shifts toward higher-yield CDs
Summary
Wichita County Treasurer presented year-end treasury and investment reports showing nearly $3 million in interest income for 2024, details on long-term debt payoff and an investment strategy favoring laddered CDs and liquidity.
Wichita County’s treasurer told the Commissioners Court that the county earned nearly $3 million in interest in 2024 and outlined recent shifts in the county’s investment strategy to favor short maturities and higher-yield certificates of deposit.
"The total amount that we earned in interest from those three was $2,986,799," Mr. Jones, the county treasurer, told commissioners while reviewing the December 31, 2024 report…
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