Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Investment Policy topic
No spam. Unsubscribe anytime.
McDonald County renews investment policy after briefing from CashVest adviser
Summary
McDonald County commissioners heard a 10:00 a.m. briefing from Garrett MacDonald of threeplusone CashVest Investing Firm on cash-flow management and subsequently reviewed, revised and renewed the county's investment policy, last signed in 2003, to align with updated Missouri constitutional regulations.
On March 5, 2025, the McDonald County Commission reviewed and renewed the county's investment policy after a 10:00 a.m. conference call with Garrett MacDonald, chief executive officer of threeplusone CashVest Investing Firm, who provided an outside perspective on the county's cash flow and management. Present for the call were Presiding Commissioner Bryan Hall, Eastern Commissioner Jamey Cope, Western Commissioner Rick Lett, County Treasurer Fuller, and County Clerk Jessica Cole.
The minutes state that commissioners "heard what Mr. MacDonald had to provide for a different perspective to the County's cash flow and management." The document does not record direct quotes from Mr. MacDonald or a roll-call vote on the policy changes. According to the minutes, the county's investment policy — last signed and reviewed in 2003 — was revised and renewed "according to updated Missouri Constitution Regulations." The minutes do not specify the precise amendments made to the policy.
County Clerk Jessica Cole is listed among the signatures on the minutes. The commission recorded that it will reconvene on March 10, 2025. The minutes include signatures for Jamey Cope, John Bryan Hall, and Rick Lett and note the minutes were approved on March 10, 2025. No dollar figures, specific investment instruments, or implementation timetable are included in the recorded minutes.
The action taken establishes the county's current investment policy as revised; any further procedural steps, staff assignments, or implementation details are not specified in the minutes.
