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Treasurer reports county, flood mitigation and landfill portfolios remain healthy
Summary
At an 11 a.m. investment update, Treasurer J. Steve Welton and advisor Eileen Stanic reported that the county, Flood Mitigation and landfill portfolios are performing well; they discussed interest-rate forecasts and the timing to reinvest Flood Mitigation funds before project expenditures.
Commissioner meeting minutes record an 11:00 a.m. investment update with Treasurer J. Steve Welton, Eileen Stanic and county finance staff. Eileen Stanic explained how global events affect interest rates and the federal forecast for rates; she reported, "The County, Flood Mitigation and Landfill's portfolios are still looking good at this time." The group discussed reinvesting Flood Mitigation funds and the window before funds will be needed for project completion, and they reviewed interest in the landfill retirement bond account.
Auditor Charity Rauschenberg and county staff were present for the update and the minutes say the meeting minutes from the previous meeting were approved. The discussion focused on timing for reinvestment and potential factors that could influence rate assumptions going forward.
