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Treasurer reports steady yields; county maintains high collateralization and invested cash
Summary
The treasurer reported average earnings on county investment pools near 3.78%'3.82%, roughly 81% of available cash invested, and bank collateralization at 118.51%; commissioners accepted the quarterly reports.
The Kaufman County treasurer presented quarterly investment and cash-management reports covering January'March and April'June. The office reported average earnings on the county's three pools of approximately 3.78% to 3.82% and noted Texas Connect investment accounts yielded the highest returns among the pools.
Treasurer Chuck said about 81% of available cash was invested for the reporting month and that bank collateralization for deposits stood at 118.51%. He also explained a short-term move of juvenile detention center bond money into a mix of Texas Connect and securities to increase earnings; staff included a gap interest income report in the packet. Commissioners thanked the treasurer and approved the reports by motion and voice vote.
Staff and commissioners discussed interest-rate sensitivity for the next quarter and noted that some securities'related values would only be recognized at maturity. The court accepted the treasurer's reports and commended the office for managing cash and investments.
