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County Treasurer brings public‑funds advisor to discuss options for idle cash
Summary
Cleveland County Treasurer Jim Reynolds introduced Gregory Balls of Meeder Public Funds, who outlined options for managing county cash to improve interest income while maintaining statutory safety and liquidity limits; Meeder noted roughly $165 billion in assets under management and prioritized safety, liquidity, and return.
County Treasurer Jim Reynolds invited Gregory Balls, a financial advisor with Meeder Public Funds, Inc., to present options for improving interest income on county cash balances. Balls described Meeder as a firm that "specializes exclusively in managing public funds for governmental entities," with "over 50 years of experience" and approximately "$165 billion in assets," and summarized the firm's key services: investment‑policy review, cash‑flow analysis, investment strategy and execution, monthly reporting and compliance monitoring, and custody via U.S. Bank.
Reynolds said rising interest rates mean cash left idle in bank accounts is beginning to earn returns again and noted that "interest income is one of the few revenue sources available to governments that doesn't come from taxes, fees, or penalties." Balls emphasized that the county must balance safety of principal and liquidity with the goal of improving returns within statutory limits; he described the primary portfolio objectives as safety, liquidity, and maximizing return. The board did not take immediate action to enter into agreements during the meeting; members heard the presentation as background for future consideration.
