DEPARTMENT: Finance
FILE TYPE: Consent Information
TITLE
title
Update On Second Quarter Dakota County Investment Portfolio 2026
end
RESOLUTION
body
Information only; no action requested.
end
BACKGROUND
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: 2026 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 2026 second quarter are $8.7 million. This is a 27% increase from the same period in 2025. This change is due to a long-term investment that matured in the first quarter. The market value of Dakota County’s portfolio has decreased by $2.3 million since the end of 2025. This decrease is due to a series of late 2025 federal fund rate cuts.
RECOMMENDATION
recommendation
Information only; no action requested.
end
FINANCIAL AND STAFFING IMPACTS
None.
PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: 2026 Investment Report
CONTACT
Department Director: Will Wallo
Author: Kristen Zimmerman