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Treasury Investment Board reports $43 million portfolio, $346,000 in quarterly income
Summary
The Moraine Treasury Investment Board reported a portfolio value of $43,000,006.61 at the end of June and $346,000 in income for the quarter. The board heard details on bank balances, yields and the laddered strategy for 2–5 year maturities.
The Presenter told the Treasury Investment Board that "Our portfolio value at the end of June was $43,000,006.61" and that "We gained $346,000 in income during the 0.25." The presenter provided balances by depository, saying Huntington held about $36,000,006.53 and Fifth Third held roughly $7,000,000.
The presenter explained the board is keeping a laddered approach across maturities to meet cash needs as accounts mature, and emphasized holding a mix of CDs, treasuries and highly liquid accounts. "We opted to invest this in CDs earning anywhere from 4 to 4.25 percent" rather than leaving funds in low-yield operating accounts, the presenter said. The presenter also described overnight liquidity vehicles including a Huntington ICS account yielding 2.95% and a STAR Ohio account yielding 3.81% to preserve daily access.
Board members asked no substantive follow-ups on the math; the Chair praised staff work. The report closed with the presenter inviting questions and the board moving on to scheduling and other business.
