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Treasurer and finance officers report October finances, cite timing effects and delayed federal data
Summary
County treasurer reported October portfolio balance of about $369.4 million (driven by a $63 million tax turnover timing), LGIP and bank yields trending down, and federal data gaps from the recent shutdown; county finance director provided fund‑by‑fund October highlights and near‑final prior fiscal year true‑ups.
Deschutes County's treasurer and finance team presented the October financial update to the Board of Commissioners on Nov. 24, highlighting short‑term timing effects and broader economic uncertainty caused by delayed federal data.
Bill, the county treasurer, said the portfolio balance at month end was roughly $369.4 million, driven primarily by the timing of tax receipts including a large $63 million tax turnover processed Nov. 3.…
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