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Okanogan County wrestles with budget cuts, plans short‑term investments and preserves reserve testing
Summary
Commissioners and county finance staff reviewed department budgets, discussed an investment strategy for maturing county funds and debated how much of the county's reserves to hold as a safety buffer. Staff recommended staggering investments and keeping a larger liquid cushion while moving some cash into short‑term instruments.
Okanogan County commissioners spent the bulk of their Oct. 22 meeting on budget planning and cash management, hearing finance and treasury staff lay out options for handling several large maturing investments and for covering projected shortfalls in some operating funds.
The county's finance director and treasurer presented balances for enterprise and special‑purpose funds, explained why some reserves have declined and recommended a measured investment plan to earn more interest while keeping enough cash available for warrants and year‑end liabilities. Their plan called for allowing a $2.995 million investment to mature in October, moving it temporarily into the…
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