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Porter County finance meeting approves two‑year investment policy; staff reports $5.3M in general fund
Summary
Porter County finance members moved and seconded approval of the county's investment policy and heard an investment report showing the general fund at about $5.3 million and total funds of roughly $7.1 million. Staff described negotiations with a large bank and a subsequent move of deposits to Centier.
Unidentified Speaker 1 opened the Porter County finance meeting on Jan. 27 and introduced an item to approve the county's investment policy. Unidentified Speaker 2 told members the policy "has been in place for multiple years," described it as "bare bones," and said it allows the county to lock funds for two years, the statutory maximum cited in the discussion.
Speaker 2 presented the investment report, saying, "In 2025, we collected for the general fund, close to $5,300,000," and that the grand total across listed funds was about $7.1…
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