DEPARTMENT: Finance
FILE TYPE: Regular Information
TITLE
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Update On Second Quarter 2025 Dakota County Investment Portfolio
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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. 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 second quarter 2025 are $6.9 million. This is a 34% decrease from the same period in 2024. This change is primarily due to a one percentage point decrease in interest earned on the County's money market fund portfolio from the same period in 2024. The market value of Dakota County's portfolio has increased by $7 million since the end of 2024.
PFM Asset Management will be joining us today to give an update on the state of the economy and will also discuss the current investment strategies for Dakota County.
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: PFM Presentation Slides
Attachment: Presentation Slides
Attachment: 2025 Q2 Investment Report
BOARD GOALS
? Thriving People ? A Healthy Environment with Quality Natural Resources
? A Successful Place for Business an...
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