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Treasurer’s annual investment policy renewed; board hears calls for oversight
Summary
Supervisors approved the Treasurer‑Tax Collector’s annual investment policy and delegation of authority to invest county funds. The treasurer reported a $325 million portfolio and record interest earnings; members of the public urged re‑establishment of a Treasury Oversight Committee.
Nevada County supervisors approved June 24 the annual Treasurer‑Tax Collector investment policy and renewed delegation of investment authority to the Treasurer for 2025‑26 after the Treasurer, Michelle Bodley, reported on portfolio performance and oversight practices.
Bodley told the board that the county’s investment policy had no material changes and that the Treasury maintains published monthly and quarterly reports…
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