Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Finance topic
No spam. Unsubscribe anytime.
Starr County treasurer reports fund balances, discusses CD rate options
Summary
Treasurer Gonzales presented the June investment and fund balance report — total ending balances roughly $19.0 million and a CD portfolio — and asked the court to approve the investment report while weighing six‑month (3.6%) vs 12‑month (3.5%) CD options.
Treasurer Gonzales presented the county’s June financial snapshot and quarterly investment report and asked the court to approve the report.
Gonzales reported ending balances across major funds and said, “The total ending balance for the general fund is at 7,652,070 with 77¢,” and later reported the overall CD portfolio value in the transcript as approximately $3,878,998,197.57. He discussed current market offerings and said six‑month CDs were being offered at about 3.6% while 12‑month options were near 3.5%, noting a tradeoff between locking a 12‑month rate or taking the six‑month option.
Commissioners discussed reinvesting decisions and the potential risk if rates change; the court moved to approve the treasurer’s investment report by voice vote. The transcript does not record a detailed investment‑strategy resolution beyond approving the report and discussing short‑term vs. one‑year reinvestment choices.
