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County treasurer and CFO give March financial update; portfolio near $355M amid global uncertainty
Summary
Treasurer Bill Kooge reported the county portfolio at about $355 million and provided an economic overview (inflation uptick, mortgage rates, treasury yields); CFO Robert Tinto updated the board on March financials, budget‑book timing and fund projections including modest FTE additions and updates to fair/expo and other funds.
County Treasurer Bill Kooge presented the March treasurer's report and an economic overview to the Board of Commissioners, saying geopolitical events are creating uncertainty for energy and financial markets while domestic indicators show mixed signals.
Kooge discussed global energy disruptions tied to recent Middle East conflict, noted the Federal Reserve meeting outlook, and cited March inflation reports: he said the consumer price index showed a sharp month‑over‑month increase and the producer price index also rose, both factors feeding into higher short‑term treasury yields and mortgage rates. He told…
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