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Treasurer Reports $62.8 Million in Funds; Interest Earnings Down After CD Maturities
Summary
County Treasurer Anthony Newell reported $62,824,859.77 in funds available during the investment period and noted year-over-year decreases in interest earnings driven by maturities of higher-rate certificates of deposit.
County Treasurer Anthony Newell presented the Saline County second-quarter investment (bridal/bridle transcript label) report for the period ending June 30, 2025. He told commissioners the total funding available for the reporting period was $62,824,859.77 and that overall funds were up about 5% over the same period last year.
Newell said interest earned for the quarter declined compared with the second quarter of 2024 because three high-rate certificates of deposit (previously 5'5.3%) matured and were reinvested at lower rates (roughly 4.3'4.6%). "Previously our best rate CD was 5.3%. Today as I report to you our high rate CD is 4.5%," he said. He noted that certificates and bank account allocations yield interest and that year-to-date interest figures appear in the report.
Commissioners asked clarifying questions about the reporting period and year-to-date figures; Newell confirmed the report reflects year-to-date numbers through the reporting period and that additional interest will accrue for the remainder of the year.
No formal action was taken on the report; it was received for the record.
