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Waite Hill reviews investment strategy as finance report shows $8.22 million in funds
Summary
Council met with Ancora advisors to review the village’s investment strategy; the Finance Committee reported total fund balances of $8,222,897 (down $158,924 year-on-year) and a Star Ohio yield of 3.85% as of March 4, 2026.
The Council of the Village of Waite Hill met on March 9, 2026, and heard an investment strategy and performance review from Ancora representatives Kevin Gale and Jeremy Scacco, the minutes show.
Finance Committee Chair Karl Scheucher reported that total fund balances stood at $8,222,897, a decline of $158,924 from a year earlier, and that the appended committee report includes a “Fund trajectories, actual and projected” graphic. The report recorded that Star Ohio’s annualized yield as of March 4, 2026 was 3.85% with an average days-to-maturity of 41.3.
Scheucher filed a full copy of the Finance Committee’s monthly report as an appendix to the minutes; the committee also executed its standard agenda and approved its February 2026 minutes. The minutes do not record any formal vote to change investment policy or to redirect funds following the Ancora presentation.
Why it matters: the village’s fund balances and investment yields help determine available resources for capital projects and service contracts. Council members and advisors reviewed performance and trajectory information that will inform near-term budget decisions.
Next steps: the minutes record related agenda items — including a proposed EMS/Fire/Rescue contract and an ordinance referred to the Planning and Zoning Commission — that may affect future budgeting and cash-flow decisions.
