Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Commissioners adopt updated county investment policy and postpone Granicus renewal
Summary
The board adopted an updated investment policy (4–1) allowing credit‑union deposits and potential future equity investments with SLIB guidance; commissioners also unanimously postponed a three‑year Granicus renewal to seek clarification of a 10% annual price adjustment.
Sweetwater County Treasurer Mark Cowan presented the annual investment policy update that adds credit unions to eligible depositories (reflecting recent legislative changes) and contemplates future equity investments pending State Loan and Investment Board (SLIB) guidance. Commissioners debated the inclusion of equities—one commissioner voiced concern about volatility—then approved the policy as amended by a 4–1 vote.
Separately, staff flagged a three‑year renewal with Granicus that included a 10% annual cost escalation; commissioners questioned the scale of that increase compared with typical software inflation and moved to postpone the renewal while staff seeks clarification and potential renegotiation with the vendor.
