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Treasurer reports first-quarter investment returns fell with market rates; commissioners reviewed fund balances
Summary
Treasurer Kelly Gray reported first-quarter 2026 interest income declined from last year (4.45% to 3.75%) and provided department-level fund balances; commissioners asked clarifying questions about fund uses and reserves.
Kelly Gray, the county treasurer, presented the first-quarter 2026 investment report, noting lower interest yields compared with the previous year and breaking down balances by department and fund.
Gray (speaker 7) told the board interest rates have declined from 4.45% last year to 3.75% this quarter, explaining that lower balances in certain funds will further reduce interest earned. The report included department-level breakdowns and highlighted specific funds such as a replacement fund and an activity fund.
Commissioners asked for clarification about funds used for ditch maintenance and other line items; Gray said some funds are outside the regular reporting layout and that a clearer breakdown will be provided in future reports. The board thanked the treasurer for the update.
Next steps: Treasurer to provide further rate and balance clarifications when next presenting investment detail.
