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Treasurer reports $1.75 billion managed; committee receives quarterly investment report and approves clerk alarm-system funding
Summary
The treasurer's office reported $1.75 billion under management and about $38.8 million in six-month interest income; the committee received the investment report and approved a budget adjustment to buy an alarm/camera system for the clerk's Detroit records operation.
The Wayne County Treasurer's Office reported to the Ways and Means Committee that it managed about $1.75 billion as of March 31 and recorded approximately $38.825 million in interest income for the six months ending March 31, placing the office on track to earn roughly $75 million for the fiscal year, the investment manager said.
The treasurer's office told the committee that…
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