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Board approves investment advisor recommendations to prioritize liquidity; clerk to implement
Summary
Seminole County’s financial advisor recommended building liquidity during a seasonal drawdown and delaying reinvestment until rate clarity; the board unanimously approved implementing those recommendations and asked staff to monitor upcoming maturities and Fed signals.
Seminole County’s investment advisor, Scott McIntyre, briefed the Board on Aug. 26 about the county’s portfolio posture and recommended building liquidity now while the county is in a drawdown period rather than making purchases ahead of anticipated Fed moves.
McIntyre, joining remotely, emphasized limited cash flows into the county at this time of year and urged the board to replenish short‑term liquidity…
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