Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Investment Policy topic
No spam. Unsubscribe anytime.
Board adopts county investment policy with tighter controls on asset movements
Summary
Montmorency County adopted Resolution 2026-05 formalizing its Investment Policy, clarifying approved investments, custody and safekeeping procedures, and prohibiting ACH or wire authorizations without explicit Board resolution.
The Board unanimously adopted Resolution 2026-05 on Jan. 22, 2026, approving the County Investment Policy that defines permitted investments, roles and responsibilities, safekeeping and custody standards, and controls on ACH and asset movement. The policy requires Board action to delegate investment authority, states that the Treasurer must operate only under express Board approval, and emphasizes reporting and transparency.
The policy lists the primary investment objectives in priority order — safety of principal, diversification, liquidity and return — and states that "the preservation of capital" is the foremost objective. It also requires institutions and dealers to acknowledge and comply with the policy and requires periodic reporting to the Board.
