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County investment officer reports improved returns, strong cash position
Summary
Carol Truven presented the county's six-month investment results and reported improved returns and a substantially larger invested balance versus 2022; she said cash and investments were about $140.5 million (netting $114 million after distributions).
Carol Truven presented San Juan County's investment performance for the six-month period ending Dec. 31, 2025, reporting strong growth in invested balances and a modest improvement in return on investments.
Truven said county investments "earned $2,000,069,407 dollars for the 6 month period ending 12/31/2025" and described year-over-year gains. She reported the return on investments rose from 2.05% in FY2025 to 2.11% in FY2026 and said the total average invested dollars increased roughly 204% over FY2022. Truven said cash and investments as of Dec. 31 totaled about $140,500,000 and that, after required distributions to cities and schools, the net position was about $114,000,000.
She framed the results as prudent administration and cautioning that future earnings will depend on available investable principal and future rate movements; she noted that some maturities are expected in 2027–2028 under the current laddering strategy. Truven stood for questions after the presentation.
(Clarifying note: the large six‑month figure was presented in the meeting transcript as quoted above; formatting or transcription anomalies may affect the recorded punctuation or grouping of digits. The report's key, verifiable takeaways are the improved ROI, percentage growth since FY2022, and the reported cash-and-investment balances.)
