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Auditor: Missouri Valley Complex Fund holds roughly $5.6 million; committee questions investment and prior interest uses
Summary
Auditor Slutsky told the committee the Missouri Valley Complex Fund balance is about $5.6 million with $65,589 earned in interest year to date; members asked how funds are invested and recalled about $400,000 of prior interest being used for road maintenance.
Auditor Slutsky told the committee the Missouri Valley Complex Fund is a separate, non‑general fund and that "the balance as of right now is $5,600,000, and the amount of interest earned year to date is $65,589." He said all interest earnings are retained in that fund.
Committee members asked whether the county invests the fund in CDs or municipal bonds, how much of the total is in long‑term versus…
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