DeKalb County Council approves revised long-term investment policy

The DeKalb County Council on July 31 approved a revised long-term investment policy that county officials said will allow the county treasurer to invest within a higher percentage range. Council member Susan presented the policy changes and said Treasurer Humburger had previously taken the revisions to the Board of Finance, which approved them on July 25.

Susan said the updated document adjusts the allowable investment range so the treasurer can invest “more than 2, but less than 5” (percent) under the long-term policy. Council member Bob Kraft moved to adopt the policy; Rick Collins seconded the motion. The council called for the question and members voted “aye.” The chair announced the motion carried.

Council members did not debate the measure at length; council materials and the marked-up policy were available in the previously provided packet, and council staff said the document will be signed and implemented so the treasurer may proceed under the new parameters.