Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Investment Policy topic
No spam. Unsubscribe anytime.
County staff reviews Greene County investment policy; no changes requested
Summary
County staff presented a review of the county’s investment policy adopted in 2022, noting the policy’s conservative limits and saying no changes were proposed at this time.
Kelly Manfred, a county staff member, reviewed Greene County’s investment policy, which the meeting packet shows was adopted June 12, 2022. Manfred told commissioners the review is routine and said the county aims to revisit the policy every two to three years.
Manfred said the current policy restricts investments to U.S. obligations, North Carolina bonds, certificates of deposit and certain mutual funds. A commissioner asked whether the policy’s conservative limits might restrict yield potential in a rising interest rate environment. Manfred answered that the policy prioritizes capital preservation and liquidity and that staff regularly evaluate the portfolio’s risk-return tradeoffs within the bounds of North Carolina law.
No changes to the investment policy were proposed during the meeting; the item was presented for information only and was not voted on.
