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GPA reports $105.7M county portfolio, ARPA liquidation; $2.1M moved for Project Ranger internal loan
Summary
GPA presented the quarterly investment report showing a $105.7 million market value portfolio with a 3.93% book yield and reported liquidation of $6 million in ARPA funds; the economic and development portfolio moved about $2.1 million on July 31 to fund Project Ranger as an internal loan.
Frank McDonnell of Great Plains Advisors presented Sandoval County's quarterly investment report to the Board of Finance, giving a high-level summary of market conditions, portfolio compliance and performance. McDonnell reported the total portfolio market value at approximately $105.7 million at quarter end and a portfolio book yield of 3.93%.
McDonnell and colleague Diane Woodward reviewed market trends, Fed-rate…
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