Commissioner’s Meet To Discuss Investments

by Mackenzie Stasko on April 15, 2013 at 8:52 am

Muskingum County Treasurer, Carol Friel reported Monday to the County Commissioner’s that the county has earned almost $150,000 in interest for the quarter, which is 0.4 percent more than what was expected.

"The most important thing that comes out of this meeting is the fact that we’re taking care of the budgeted amounts, and making sure that the interest that we’re receiving is adequate to what we have budgeted and we always have to make sure that our investments are working for us," Muskingum County Treasurer Carol Friel.

Friel says the money earned from the interest is added to the County’s general checking account and says the money is invested into local banks in forms of CD’s.

"The most important thing to remember is we are making our budget, which that’s critical because when I put together a budget and say we’re going to earn this much interest, they count on us to make that."

The Commissioner’s and the Treasurer will meet again on May 20 to look at different investment opportunities.