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Sanilac County treasurer reports roughly $1.25M in interest after investment changes
Summary
Treasurer Trudy Bauer told the Board the county consolidated accounts and hired an adviser; fund-level interest allocations produced about $1,250,000 in interest credited across funds for the year ending 12/31/2024.
Treasurer Trudy Bauer presented the county’s year-end investment and interest report, telling commissioners that after hiring a financial adviser the county consolidated funds into fully insured investments.
Bauer said the change produced materially higher, secured returns: “with a total at the bottom of about 1,250,000,” she said, pointing to the fund-by-fund breakdown. She explained the county moved funds out of local banks into insured treasuries and a pooled investment vehicle to reduce uninsured exposure and increase returns.
Commissioners asked about the timing of rate changes and a dip in mid-year yields; Bauer flagged economic uncertainty and said she would check the CPI-related variance noted in June’s figures. The report showed each fund’s earned interest, and Bauer said the county has been allocating those earnings across multiple restricted funds rather than placing all interest into the general fund.
