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Treasurer’s investment strategy yields millions in interest income, commissioners told
Summary
County finance staff reported strong investment returns and a strategy to lock in multi-year yields, projecting more than $1.7 million earned year-to-date on securities and a fiscal-year projection north of $2 million; commissioners discussed cash-flow timing and implications for the 2027 budget.
Ross County finance officials told commissioners the county’s investment portfolio is generating substantial interest income this year and outlined a plan to manage cash flows to maximize returns.
An investment presenter summarized portfolio performance and the market context, saying, “The total earned income year to date over $1,700,000, that's just on the securities.” The presenter noted the county has been shifting into longer maturities to capture higher yields while maintaining front-end liquidity to take advantage of short-term opportunities. Officials said the portfolio’s weighted-average maturity is about 2.4 years and the investment strategy has produced a projected remaining fiscal-year return north of $2,000,000.
Commissioners and staff discussed how the one-time ACGP funds and the timing of disbursements affect weekly cash positions. One commissioner said the county’s conservative revenue estimates helped create a carryover that, together with investment income, allowed last year’s property-tax relief. Finance staff said they are coordinating with the auditor and planning office each week to forecast incoming and outgoing flows and to maximize short-term returns without jeopardizing liquidity for projects.
The treasurer’s office also explained the role of Star Ohio and US Bank holdings in the county’s yield calculations and noted a goal to maintain budgetable interest income while preserving adequate cash for scheduled disbursements. Commissioners asked for updated projections to be included in the tax-budget materials and for continued weekly cash-flow coordination as department budgets are refined for 2027.
