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Auditor‑Treasurer outlines county investment strategy, jail bond arbitrage risk and local option sales tax receipts
Summary
Beltrami County Auditor‑Treasurer Jody Treat presented the county’s investment policy, liquidity strategy, the laddered maturity schedule for bond proceeds and current arbitrage exposure tied to the $40 million jail bond issuance; local option sales tax receipts provide flexibility going forward.
Beltrami County Auditor‑Treasurer Jody Treat briefed commissioners on the county’s investment portfolio, objectives and how bond proceeds and local option sales tax receipts affect cash flow and debt strategy.
“ The objectives of our investment policy are to ensure the safety of the principal,” Treat told the board, saying the county’s top priorities are preservation of capital, liquidity to meet cash‑flow needs and yield that reduces the levy. She described a laddering approach to maturities designed to maintain consistent portions of the portfolio coming due at regular intervals.
Why it matters: Treat explained how the county invested $40 million in jail bond…
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