Dubois County treasurer reports $2.3M in investment income; commissioners approve investment policy

The Dubois County treasurer reported that the county earned strong investment income in recent years and recommended keeping the county’s investment approach largely unchanged.

"So we collected, 254,000, so I'm just rounding down, in interest for our CDs," the treasurer said, describing certificate-of-deposit receipts and other interest income. He told the board that cumulative year investment income reached roughly $2.3 million in one recent year and peaked near $2.7 million, while the county currently holds about $6.4 million in CDs. The treasurer also summarized property-tax receipts, saying, "In summary, so we're showing $69,200,000 in 2025 is what we collected in property tax revenue," and explained how that revenue is distributed to schools, townships and other taxing units.

Commissioners questioned whether the county should alter where it places funds; the treasurer emphasized using local banks and monitoring rates. After discussion, a commissioner moved to approve the county’s investment policy “as presented.” The motion was seconded and approved by voice vote.

The board also directed staff to return a small batch of stale checks—$537.27—back to the general fund after outreach failed to locate payees. The treasurer noted that while investment income has risen recently, it is likely to decline next year as market interest rates fall.

The investment-policy approval was procedural; no changes to the county’s asset allocation were adopted during the meeting. The board repeated support for keeping deposits with local banks where feasible and asked staff to continue reporting quarterly investment performance to the commission.