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Posey County Board of Finance reviews $66.9 million in year-end balances; approves 2026 investment policy
Summary
The Board of Finance accepted Treasurer Vicki Peerman's 2025 year-end cash and investment report showing $66,886,795.65 in county funds and approved the 2026 Investment Policy and procedural items, including voiding two-year-old checks totaling $496.20.
At the joint Board of Finance meeting on Jan. 21, Posey County Treasurer Vicki Peerman presented the county's 2025 year-end cash and investment positions totaling $66,886,795.65 and reported $2,463,988.65 in interest income for the year.
Peerman detailed balances across accounts (including operating, payroll and money-market accounts at multiple banks and Trust Indiana) and reviewed certificate-of-deposit interest. Auditor Maegen Greenwell moved to approve the 2025 Board of Finance report; the board approved it 5-0 and also approved the 2026 Investment Policy, which Peerman said carried no changes from the prior year.
Peerman also presented a statutorily required list of outstanding checks older than two years totaling $496.20; after noting outreach efforts to locate payees, the board voted 5-0 to void the checks and return funds to their origin funds.
The board elected Commissioner Bill Collins as Board of Finance president and reappointed Peerman as secretary by unanimous votes to open the meeting proceedings.
