The Muskingum County Commissioners vacated the County Treasurers position Monday afternoon.
The position was formerly held by Carol Friel. A new legislative action was passed in March that states a treasurer can not be absent from office for more than 30 days or actions to vacate the position can take place. We spoke to commissioner, Jim Porter who told us more about the meeting.
"The purpose for today's hearing was to discuss the County Treasurer. We invited her Thursday...
The monthly investment committee meeting was held at Muskingum County Commissioners Thursday afternoon.
The current interest rate environment is not the best but it has gradually been improving over the last 10 years, especially over the last 3. Treasurer of Muskingum County, Carol Friel says during the month of September the county has invested in a few different instruments. Friel told us they are excited about this months transactions.
County Treasurer, Carol Friel met with the Muskingum County Commissioners Thursday afternoon.
Friel explained that the Investment Committee met and has decided money should be transferred out of current accounts that are not earning at a high interest rate and that money should be placed into different types of investments with higher earning potential.
"The implications are more money earned, we would get more for our money sitting there. The interest earned would be...
The Muskingum County Commissioners met with County Treasurer, Carol Friel to discuss county investments for the month of February.
Friel says that her office has invested in money market accounts that are earning interest for the county's general fund . She says the budget is balanced, but her office would like to see funds increase.
"We are happy our investments are earning," said Friel. They are not earning what we would like to be earning, but in this marketplace...
Muskingum County Treasurer Carol Friel updated the county commissioner's on the status of the county's finances. Friel and the commissioner's reviewed the county's investments during their monthly meeting Monday afternoon.
Friel says everything is "right on target" and where it should be. While the county's finances are in good shape, Friel says it's important that residents pay their taxes on time.
"The one things that tax payers do need to know is that your tax...
The Muskingum County Commissioners met with the County Treasurer on Thursday to discuss the state of county's investments.
County Treasurer, Carol Friel says that investments that were created in the past now have lower interest rates due to the economy and that she hopes that reminding people to pay their taxes will bring in much needed funds for the county.
"Next year we will be working with the delinquent tax roll that are not good for our county we are really pushing...
During a meeting with the Muskingum County Commissioner's, County Treasurer Carol Friel said everything is stable with the county's investments.
"We have budgeted $550,000 and we're afraid we're going to have to change the budget projecting downward because the market has not, our investments have not proven to do what they had hoped they would when the budget was first put together," explained Friel.
The Muskingum County Commissioners met with the Muskingum County Treasurer to discuss monthly investments for the month of October.
County Treasurer, Carol Friel says that the county needed to make important time sensitive decisions regarding their investments.
"We have CDAR instruments that are maturing in October," said Friel. We needed to decide if we were going to keep them in place or move them into different investment tools and we are going to move some and keep...
The Muskingum County Commissioners sat down with the county treasurer to discuss investments for the month of August.
Muskingum County Treasurer, Carol Friel says that changes in investments have been stagnant as of late.
"Well there are no changes, really it's not improving so we are probably going to have to adjust our budget as far as what we planned on earning on interest, so well just have to make an adjustment, " said Friel.
At a meeting Thursday morning, the Muskingum County Commissioner's and the county treasurer agreed on Community Bank as the county's primary depository account.
"They had the best fee schedule," said Carol Friel, Muskingum County Treasurer. "The interest rate was comparable to the other location but they currently are our financial institution and we have a good relationship and nothing has changed so that's why we're keeping them."