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County treasurer reports portfolio beat and reinvestment activity; minor changes proposed to investment policy, budget planning to begin in September
Summary
The county treasurer presented the July portfolio and investment activity; staff proposed two minor edits to the county investment policy and outlined upcoming budget and audit work. The treasurer and finance director briefed the board on portfolio yields, recent reinvestments and projected liquidity needs.
The county treasurer and chief financial officer briefed commissioners on the July 2025 financial and investment reports and proposed minor changes to the county's investment policy.
The county treasurer (identified in the packet) reported a month-end portfolio balance of about $306 million, down roughly $16.9 million from June due to large accounts-payable runs and funding needs. Net investment earnings for July were about $1,030,000. Staff reported a portfolio yield of about 4.1% and that the Local Government Investment Pool (LGIP) rate remained at 4.6% for July.
Treasury staff said they had reinvested roughly $8 million into longer-term…
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