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Washington County reviews investment policy, advisers recommend no changes
Summary
County finance staff and Government Portfolio Advisors presented a routine annual review of Washington County's investment policy and portfolio performance; advisers recommended no changes and outlined reporting options for the board.
WASHINGTON COUNTY, Ore. — Washington County officials on Oct. 21 received an annual briefing on the county’s investment policy and cash management strategy and were told the county’s current policy meets statutory and best-practice requirements.
The presentation, led by Dallas Dyer, Washington County’s chief financial officer, and Diane of Government Portfolio Advisors (GPA), reviewed the county’s portfolio structure, recent performance, maturity and credit constraints, and the firm’s recommendation that no changes be made to the investment policy adopted last year.
The presentation matters because the county manages hundreds of millions of dollars across operating funds, reserves and capital accounts; how those funds are invested affects cash available for operations and yields that feed forecasts across taxing districts.
GPA described the county’s portfolio as composed of three components: liquidity (daily cash and state pool…
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