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Klamath County finance staff warn liquidity has dropped as LGIP rates fall
Summary
County finance staff told commissioners that liquidity and the county investment pool have declined this fiscal year, reporting a roughly $7.35 million loss in the investment pool and lower LGIP yields; staff said they will liquidate short maturities into the LGIP and keep existing investment policy in place.
County finance staff told the Klamath County Board of Commissioners on Nov. 25 that the county’s liquidity has declined significantly over the last year and that investment earnings are likely to fall as LGIP yields drop.
“Anything that matures over the next few months, we’re going to liquefy and put it into the LGIP,” the finance presenter said, explaining the county moved money into the Local…
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