Picray presents county investment report

     County Treasurer Amy Picray presented the county’s quarterly investment report as of Sept. 30 during the Nov. 22 supervisor meeting.

     The county has a total of $2.09 million in CDs. Picray said this is up significantly from a year ago because the county only had one CD they were investing in.

     The county is currently investing in three CDs from Citizens State Bank in Wyoming, F&M Bank in Anamosa, and Fidelity Bank & Trust also in Anamosa.

     The county has $12.06 million in the money market fund (MMF). Picray said this is down about $127,000 from the previous year, also attributed to the CD accounts.

     The total in CDs, MMF, and checking for the county is at $17.79 million.

     The county’s total assets sit at $26.53 million. Picray told the board this is up $3.6 million from a year ago. However, Sept. 30 was the due date for taxes. She also offered that the assets are up due to the mental health region fund, which is held in Jones County.

     Picray explained that the mental health region fund contains just over $5 million, which is a special fund out of the $26.53 million in total assets.

     There is also $7.45 million in property tax collections that have yet to be dispersed among the cities, schools and townships throughout the county, with the majority of that fund going to the schools.

     Solid Waste Management makes up about $2.2 million as well.

     Picray concluded that about only half of the total assets are not actual county money that can be spent.

     Jones County Solid Waste Management Commission shows $2.19 million in total CDs. Picray said that is down about $37,000 because she cashed in a couple of CDs last summer for the purchase of land for the commission.

     Their total assets are at $2.29 million. She said that is down about $140,000 over the past four years due to land and equipment purchases.