Finance director says PTMA securities generally outperformed local bank benchmark; committee opts for quarterly investment reports

Finance Director Kyle told the Adams County Administrative & Finance Committee on July 10 that a six‑month review of the county's PTMA investments shows the county "coming out ahead" compared with a local benchmark.

Kyle explained the spreadsheet used for the review, saying it lists settlement date, PTMA interest rate, the 1 Community Bank interest rates at settlement and at maturity, the difference between rates, the maturity date and the cost of the investment. He said green markings indicate the county secured rates higher than the benchmark at either purchase or maturity and red indicates the opposite.

"Overall, I think we're sitting pretty good with investing with PTMA," Kyle said, and walked the committee through a specific example: a security purchased 07/30/2025 at 4.093% while 1 Community Bank's comparable rate at purchase was 4.72%; at maturity on 06/25/2026 the bank's rate was 3.98%, leaving the county about 0.113 percentage points ahead on that investment.

Committee members asked about term lengths and liquidity. Kyle said earlier PTMA purchases tended toward two‑year terms but the county is now using three‑year maturities in places and is staggering investments so roughly $3 million matures each quarter, preserving cash for unexpected needs.

The committee asked for regular updates. The chair and members agreed the investment comparison should be folded into the county's quarterly reports; Kyle said the PTMA review will likely be presented again next month and then on the agreed quarterly cadence.

The review did not involve a formal vote; committee members posed procedural and budgeting questions and Kyle confirmed the county has procedures to stagger maturities and monitor returns relative to the local benchmark.