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County finance reports $185.8 million investment portfolio and presents April payables and payroll totals
Summary
Kalamazoo County’s finance team reported a March 31 portfolio par value of $185.8 million, a year‑to‑date investment return above inflation, and presented accounts payable and payroll disbursements for board approval. The consent agenda later approved presented claims and payroll totals.
Kalamazoo County’s finance staff reported April 15 that the county’s investment portfolio had a par value of $185,834,582.40 and a market value of $184,978,426.02 as of March 31, and that the portfolio earned $640,580.83 in March on an average daily balance of about $175.4 million.
Chief Deputy Treasurer Tyler White and Finance Director Ryan Post presented the monthly investment report, which showed a mark‑to‑market variance of $856,156.38 (an improvement of roughly $3,700 from February). Post explained the county’s stated strategy is to hold securities until maturity to avoid realized losses and said the portfolio’s effective rate of return for the month…
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