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Alamance County reports $181 million in cash and investments; $6.2 million interest earned over six months
Summary
At the June investment briefing, county finance staff said the county had about $181 million in combined cash and invested funds across all county funds and recorded roughly $6.2 million in interest income for the six-month period; commissioners asked about investment terms and risk limits.
County Manager introduced the June 2024 investment report and directed questions to finance staff, who explained the figures and answered commissioners’ inquiries.
Finance staff said the reported $6,225,000 on the report is interest earned over the six-month period covered by the document and that the $181,000,000 figure…
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