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Treasurer reports $12.316 million interest income for FY25; portfolio moves to longer-term assets
Summary
Ada County treasurer staff reported FY25 total interest income of $12,316,000 and described portfolio adjustments including moving $5 million from a Vanguard money-market account into longer-term municipal and mortgage-backed investments to lock in yield. FY26 interest forecast is about $9.4 million.
Treasury staff presented the September month-end investment report on Oct. 14, closing fiscal year 2025 and reporting net interest receipts of $12,316,000 for the year.
Investment staff (Speaker 15) said the county moved $5,000,000 out of a Vanguard money-market account and redeployed it into longer-term assets to lock in yield as short-term rates are expected to decline. New purchases during the month included a mortgage-backed security of roughly $4,000,000 and a $5,000,000 municipal bond from the Idaho Housing and Finance Association; the municipal bond was noted as the highest-yielding current holding.
Staff said the FY26 interest forecast has been lowered to about $9.4 million given expectations for lower short-term rates. Commissioners asked about the budget estimate and staff confirmed FY25 outturn was near the high end of forecasted range.
