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Treasurer reports investment dip, ARPA spending update and new format for financial reports
Summary
Treasurer told the committee the county's investment pool assets fell by about $2 million last month and described recent large expenditures (insurance, capital projects, ARPA). Staff also introduced a streamlined financial report and said auditors are conducting follow-up work.
Boone County's treasurer reported to the finance committee on Jan. 15 that the county's investment pool is down by just over $2 million, attributing the movement to current market conditions and scheduled disbursements.
The treasurer said recent outflows included the county’s annual North Fund insurance payment (about $1.35…
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