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Treasurer reports stronger investment returns, proposes separate fund for tech and staffing pressures
Summary
Clallam County's treasurer told commissioners the county's investment strategy produced higher near-term returns and proposed establishing an 'investment/operations' fund seeded by retained investment-administration receipts to pay for recurring technology, staff compression adjustments and facility upgrades. The treasurer also requested phased l
Clallam County's treasurer reported improved investment income and recommended a new fund structure to cover technology and staffing pressures during Wednesday's budget review.
The treasurer said the office had laddered longer-term securities to lock higher yields and now expects better returns than in recent years, giving the county greater flexibility in the short run. "We locked in rates long ago and we're staggered and laddered to have those higher interest rates follow us for a few years," she said.
She proposed creating a separate 'investment/operations' fund to hold certain administrative fees and retained investment revenue rather…
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