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Lake County accepts pooled investments reports; officials warn reinvestment yields may fall
Summary
The Lake County Board of Supervisors voted to accept the county treasury pooled investment reports for June 30 and Sept. 30, 2025. Presenters said the $465.5 million portfolio is compliant with California law, is high‑quality and liquid, but that future reinvestment yields are likely to decline if the Federal Reserve cuts rates.
Patrick Sullivan, Lake County’s county treasury tax collector, presented the recommendation and the reports and asked the board to accept the June 30 and Sept. 30, 2025 pooled investments reports.
Carlos Oblidos of Chandler Asset Management opened the presentation by saying, “The news are all around good,” and reported that the program is in compliance with the California Government Code and the county’s investment policy. He said the consolidated pooled treasury program was valued at about $465,500,000 as of Sept. 30, 2025 and described the portfolio as highly diversified and high credit quality.
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