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Cuyahoga County advisers warn cash flow tightness but stress avoiding forced sales
Summary
County staff told the Investment Advisory Committee the county has $1.064 billion in invested market value, a projected near-term balance of about $57.7 million through Sept. 30 and a policy goal to hold a larger cash buffer to avoid selling bonds before maturity.
Cuyahoga County staff told the Investment Advisory Committee on the meeting record that the county's total investment market value stood at $1,064,000,000 and that a new quarterly cash-flow exercise projects a roughly $57,715,000 gap between expected inflows and known obligations through Sept. 30.
The committee opened a fund-and-portfolio review and said the analysis is intended to avoid selling securities before maturity. "We listed all of the items that we had for our debt services, all the revenue we were aware of,"…
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