To: Gary L. Goetzinger, Finance Committee Chairperson
From: Samuel E. Muma, Treasurer
title
RE: Forwarding to receive and file a copy of the 4th quarter FY25/26 Investment Report for period ending September 30, 2026
recommendation
BOARD ACTION REQUESTED:
The requested action of the Board is to accept and file a copy of the 4th quarter investment report for the period ending September 30, 2026.
BACKGROUND:
In accordance with the County Investment policy and Public Act 20 of 1943, as amended, MCL 129.96(3), the Treasurer is required to report quarterly to the County Board of Commissioners.
DISCUSSION:
The Treasurer’s office utilizes Meeder Public Funds to administer the investments for the County as well as utilizing MI Class for more liquid funding. Both ensure PA 20 requirements are being adhered to by the County. The average yield for all funds invested is 3.73% to 4.2%. Interest rates continue to rise; however, this leads to some uncertainty in the economy. The Treasurer’s office will continue to use Meeder and Mi Class to safely invest the funds of the County.
IMPACT ON HUMAN RESOURCES:
There is no impact on Human Resources
IMPACT ON BUDGET:
Any investment income has been included in the FY25/26 budget.
IMPACT ON FACILITIES:
There is no impact on facilities
IMPACT ON TECHNOLOGY:
There is no impact on technology
CONFORMITY TO COUNTY PRIORITIES:
The Treasurer’s office continues to invest county funds in compliance with PA20 to ensure the long-term financial stability of the County.
resolution
TO THE HONORABLE CHAIRPERSON AND MEMBERS OF THE GENESEE COUNTY BOARD OF COMMISSIONERS, GENESEE COUNTY, MICHIGAN
LADIES AND GENTLEMEN:
BE IT RESOLVED, that this Board of County Commissioners of Genesee County, Michigan, hereby accepts the investment report for the 4th quarter of fiscal year 2025/2026, for the period ending September 30, 2026, as submitted by the Genesee County Treasurer in accordance with MCL 129.96(3) and the Genesee County Investment policy (a copy of the memorandum request and supporting documents being on file with the official records of the November 3, 2026 meeting of the Finance Committee of this Board).