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Deschutes County treasurer and CFO report midyear portfolio and budget outlook; county prepares FY26 budget talks
Summary
Treasurer and finance staff reviewed December 2024 investment and economic details and presented the county's midyear financials, noting vacancy savings, projected fund balances, and several departmental funding gaps to be addressed during upcoming budget work.
Deschutes County Treasurer Bill (surname redacted during public presentation) and Chief Financial Officer Robert Tinto presented December 2024 treasury and midyear financial reports Wednesday, providing an economic overview, portfolio metrics and a fund-by-fund status update as the county begins FY26 budget preparations.
Treasurer Bill told the board the county's invested portfolio balance at month end was about $365.7 million, with a weighted term to maturity of about 1.07 years and a maximum maturity out to roughly three and a half years as staff seeks to lock in favorable longer-term yields. The state Local Government Investment Pool (LGIP) rate was 4.85% at month end and staff reported the LGIP rate was later reduced…
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