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Lincoln County treasurer reports $75.7 million in investments, urges cautious liquidity
Summary
Treasurer Sherrie Huddleston reported Lincoln County holds $75,717,306.50 in investments and cash but said much is restricted; she recommended keeping wind-revenue and other funds in the LGIP for liquidity while the county revises its Investment Policy.
Treasurer Sherrie Huddleston reported that Lincoln County held $75,717,306.50 in total investments and cash balances and cautioned that a large portion of that total is restricted to specific funds, debt service and grant-funded activities. Huddleston recommended maintaining liquidity for near-term obligations rather than locking most funds into longer maturities.
Huddleston told the commission the county's fund balance report shows money in certificates of deposit, bank accounts and the Local Government Investment Pool (LGIP). She said the LGIP yields about 3.7% and allows the county to access funds within 24 hours, which informed her recommendation to keep some balances short-term while evaluating longer-term strategies. Chair Mark G. Fischer and other commissioners emphasized the need to preserve liquidity for upcoming financial commitments.
