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Mason County treasurer reports $26.7 million cash balance for 2024; investment income exceeded budget
Summary
The county treasurer reported a year-end cash balance of about $26.7 million for 2024 and investment interest collections above budget, and provided an updated view of reserves, the investment portfolio and county debt during the Jan. 21 Finance Committee meeting.
Mason County Treasurer Lisa Fraser reported to the county's Finance Committee that the county finished 2024 with an operating cash balance of about $26.7 million and that investment interest collections exceeded the 2024 budgeted amount.
Fraser presented the quarter-four report and a graphical summary of cash and reserve comparisons. She reported investment interest collections for 2024 totaled about $2.5 million against a budgeted $900,000. The treasurer noted banking costs are minimal and that a compensating balance with the county's bank helps offset fees. The report…
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