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Kaufman County treasurer reports $37.9 million general‑fund balance, $5.46 million in annual interest earnings
Summary
The treasurer reported year‑end and quarterly investment results including year‑to‑date interest of $5,455,034 and quarterly interest of $970,071; major custodial holdings and pool balances were described.
Kaufman County’s treasurer reported on Dec. 2024 month‑end and the Oct.–Dec. 2024 quarter during the commissioners court meeting on Jan. 21, detailing fund balances, investment pool holdings and interest earnings.
The treasurer reported the county ended December with approximately $37,859,000 in the general fund. Quarterly interest and investment earnings totaled $970,071 (breakdown in meeting: earnings on cash at American National Bank $4,191,158, TexPool and Texas CLASS pooled investments contributing the remainder in combined amounts), and year‑to‑date interest earnings were reported as $5,455,034. The treasurer said TexPool and Texas CLASS remain primary liquidity pools used by the county and that American National Bank deposits were collateralized above required levels.
During the quarterly presentation the treasurer discussed potential macroeconomic impacts, noting Federal Reserve policy could affect interest returns and that any future rate cuts or holds will influence county investment earnings and borrowing conditions.
The court accepted both the monthly and quarterly reports in voice votes.
Reported figures are taken from the treasurer's presentation to the court; some line items in the spoken transcript were not read in print materials and were presented orally.
