The Comal County Treasurer presented the December 2024 monthly report to the Commissioners Court on Jan. 16 and recommended approval.

Treasurer Renee Couch told the court the county had a strong year for investments. In her remarks she said, “for the year, our investment income, was 9.252, and that's fantastic,” and that the portfolio’s compound effective yield for the year ended at 4.697 percent. She said interest income had increased by about $1,500,000 from the prior year and by about $6,900,000 from two years prior. Couch described activity during the week in which some agencies were called and proceeds reinvested at higher yields, and reported that Bank of New York Mellon held adequate collateral for county deposits. She recommended approval of the report, and the court approved the monthly report.

Why it matters: Investment earnings and portfolio management affect county revenues available for operations. The treasurer’s report provides oversight and an accounting of investment performance.

Ending: The court approved the December 2024 Treasurer’s Report.