DEPARTMENT: Finance
FILE TYPE: Consent Information
TITLE
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Update On Dakota County Investment Portfolio For 2025
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PURPOSE/ACTION REQUESTED
Receive an update on Dakota County’s investment portfolio.
SUMMARY
Dakota County investments are made in accordance with Minn. Stat. Ch.118A governing the investment of public funds, and in conformance with the County’s Investment Policy 2254. The County’s investments are comprised of various sources of revenues and fund balances (Attachment - 2025 Investment Report). The portfolio fluctuates throughout the year especially during the tax collection seasons. The portfolio pools assets from various Dakota County funds to optimize liquidity and returns, and at times, includes funds held by the County on behalf of other public entities (property tax collections held prior to settlement with cities, schools, and townships).
The interest earnings for 2025 were $14.1 million. This is a 26% decrease from 2024. This change is due to money market funds interest rates dropping at the end of 2024 and into 2025. The market value of Dakota County’s portfolio has increased by $12 million since the end of 2024.
RECOMMENDATION
recommendation
Information only, no action requested.
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EXPLANATION OF FISCAL/FTE IMPACTS
☒ None ☐ Current budget ☐ Other
☐ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
body
Information only; no action requested.
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PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: 2025 Investment Report
BOARD GOALS
☐ Thriving People ☐ A Healthy Environment with Quality Natural Resources
☐ A Successful Place for Business and Jobs ☒ Excellence in Public Service
CONTACT
Department Head: Will Wallo
Author: Kristen Zimmerman