HomeMy WebLinkAbout03-17-2025 Investment Committee Minutes
Meeting Minutes
Investment Committee
March 17, 2025 2:00 PM
Government Center – Glenwood City conference room 2100
1101 Carmichael Rd, Hudson WI
Roll Call
Bob Long – Chair – Absent
Ken Witt – County Administrator – Present
Denise Anderson – County Treasurer – Present
Dustin Hawkins – Finance Director – Present
Approval of Minutes from April 4, 2022 meeting
Business Items:
1.) Review of Ehlers Investment Report
Matt Tourville from Ehlers presented his report going over our General Funds investment
and 2022A bond investment currently with Ehlers. Discussed market conditions for past
18 months and how yields have started to drop recently and the volatility that is in the
current market. Highlighted the county has a very short maturity term in their holdings,
would suggest to see the average closer to the 2 year mark. A large amount is maturing
within the next year and suggested extending maturity dates out farther in muni bonds
and government agency investments. Highlighted the 2022A investment account
transitioned to tax exempt investments in order to reduce arbitrage owed to IRS. This led
to reduction in amount owed from $542,269 to $79,937. This investment account has
about $2 million remaining in it, some maturities are later in the year and will be held
until maturity before closing account.
2.) Discussion of re-investing general fund account
With the current market Matt recommended the county continue to extend it’s
investment maturity dates. It was suggested to target and lock in anything above 5% with
longer maturity dates. Goal would be to spread $50 million of investments over a 5 year
period with $10 million maturing each year, targeting August maturities as a date that
lines up with large tax payments the county would need to make.
Future Agenda Items
None
Meeting Adjourned at 2:48