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Treasurer reports robust short‑term investments; court authorizes a $3M 3‑month CD
Summary
Treasurer Amy reported receipts, expenditures and a strategic set of investments maturing through 2026; the court authorized opening a $3 million, three‑month certificate of deposit to capture favorable short‑term rates.
Treasurer Amy presented the fiscal report for the five months ending Nov. 30 and an investment update at the Dec. 18 meeting. She reported receipts of about $13.1 million and expenditures of about $21.5 million for the period; factoring in the fund balance from June 30, 2025, the county’s reported balance was roughly $21.1 million. Amy also noted receipt of property tax payments and a sheriff’s payroll reimbursement check during the meeting.
On investments Amy said the court has $16.6 million invested with maturities between February and September 2026 earning rates of roughly 3.75–4.30%; current short‑term rates are a bit lower but the positions were positioned to mature when needed. She reported that an investment vehicle (CashVest) had produced higher earnings and said to date the portfolio had earned roughly $11,089,394 in interest since initiating the program. The court discussed projections and asked staff to work with the investment manager on performance metrics for planning purposes.
Amy requested permission to open a $3 million certificate of deposit (three‑month term) to take advantage of current yields on available cash. The court voted to authorize the treasurer to open that CD during the voting session.
During the meeting the court also approved routine cash transfers and accepted the treasurer’s report.
