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County insurance trust posts modest returns; board accepts quarterly reports
Summary
County staff reported the insurance trust returned 4.77% over one year, a cash balance around $1 million, and recommended updating the trust study as of Nov. 30, 2025; the board accepted the quarterly and related financial reports.
Mike, a county staff member, presented the insurance trust’s quarterly report and described portfolio performance and claims activity. He said the trust has returned 4.77% for the one‑year period through May 31, and that the fund’s yield to maturity was about 3.91% with a duration of 1.81. “Our policy is to, keep the money to pay your bills, keep a little bit more money in cash than we have been,” Mike said.
Mike told the board the claims account had drawn…
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