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Peoria County treasurer unveils draft investment and purchase-card policies; renegotiates Brink's contract escalator
Summary
Treasurer Brandon Martin presented a draft investment policy and new petty-cash and purchase-card controls, and said staff renegotiated an unexpected Brink's escalator increase down to 2.9% after a January spike that briefly threatened the budget line.
The Peoria County treasurer presented a draft investment policy and recommended tighter controls for purchase cards and petty cash, then described renegotiation of the county’s armored-transport contract with Brink’s after a sharp automatic escalator increased vendor fees.
Treasurer Brandon Martin told the committee there had been no substantive county investment policy on paper and…
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