To: Martin L. Cousineau, Finance Committee Chairperson
From: Samuel E. Muma, Treasurer
title
RE: Forwarding to receive and file a copy of the 1st Quarter FY25/26 Investment Report
recommendation
BOARD ACTION REQUESTED:
The requested action of the Board is to accept the 1st quarter investment report for the period ending December 31, 2025.
BACKGROUND:
In accordance with the County Investment Policy, as well as Public Act 20 of 1943, as amended, MCL 129.96(3), the Treasurer is required to report quarterly to the County Board of Commissioners. The Treasurer's office has utilized Meeder Public Funds to administer the investments of the County in accordance of Public Act 20. The interest being earned on the investments every year has exceeded the cost of Meeder Public Funds services.
DISCUSSION:
In accordance with the county investment policy, and Public Act 20, county funds are invested with the objectives of safety, liquidity, and yield being the order of priority. Genesee County continues to invest with these objectives in mind. With the recent cuts by the Federal Reserve, we are anticipating our interest rates will drop this fiscal year and the County will see a slight decrease in interest revenue. The Treasurer's office will continue to invest county funds to maximize interest earnings utilizing safe and liquid options.
IMPACT ON HUMAN RESOURCES:
There is no impact on Human Resources.
IMPACT ON BUDGET:
Interest earnings was included in the FY25/26 adopted budget.
IMPACT ON FACILITIES:
There is no impact on facilities.
IMPACT ON TECHNOLOGY:
There is no impact on technology.
CONFORMITY TO COUNTY PRIORITIES:
The investment of county funds is done to strengthen 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, Mi...
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