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Commissioners update LGIP resolutions, review SPLOST investments that earned county revenue
Summary
The board approved routine LGIP account openings and signer updates and discussed the county's practice of investing SPLOST and other funds in state LGIP accounts, a strategy officials said generated over $700,000 in 2025 without raising taxes.
County staff asked the board to open and update several Local Government Investment Pool (LGIP) accounts, including a 2025 T‑SPLOST account and updates to authorized signers for existing LGIP accounts. The board approved annual resolution updates to reflect current signers and to open a new 2025 T‑SPLOST LGIP account intended to earn higher interest on balances.
Commissioners and staff also described a multi‑year practice of placing SPLOST and other fund balances into state LGIP accounts to earn interest rather than leave funds in lower‑yield bank accounts. One commissioner said the county "generated over $700,000 of additional income for this county without using tax by using the tax money invested," crediting the approach with providing funding flexibility for projects including courthouse renovations and equipment purchases.
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