Morgan County treasurer reports $5.28 million in 2025 investment earnings; board of finance officers named
January 21, 2026 | Morgan County, Indiana
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The Morgan County Board of Commissioners voted to reorganize the board of finance and accepted a detailed 2025 investment report from the county treasurer.
Treasurer (identified in the transcript as Speaker 4) told commissioners the county earned $1,543,785.71 in interest in its First Merchants general fund account and $282,204 in a Home Bank account. Two newly opened local deposit accounts showed smaller amounts—$364.39 at Citizens Bank and $203.56 at BMO—bringing bank-account interest to $1,826,027.66. The treasurer said the county earned $3,224,639.16 in certificates of deposit (CDs), producing a combined 2025 total of $5,276,648.74 in earnings from bank accounts and CDs. The treasurer also stated the county currently holds approximately $95,271,000 invested in CDs.
Commission discussion noted that falling market rates mean the county should not expect comparable interest receipts in 2026. One commissioner said the lower yields could reduce annual earnings by roughly $1.2 million compared with the prior period; the treasurer and commissioners discussed how prior bond timing and laddered CD strategies helped avoid new bonding and potential tax increases.
On officer appointments, an unnamed commissioner moved to appoint Don Adams, the commissioners’ chair, as president of the Board of Finance. The motion was seconded and carried. The board also confirmed that Treasurer Dan Baston will serve as secretary of the Board of Finance.
Commissioners framed the investment approach as conservative and aimed at preserving taxpayer value: ‘‘I don't wanna use the word aggressive because I don't view CDs ... as an aggressive investment,’’ the treasurer said, describing the county’s laddering strategy to smooth returns and fund future capital costs without resorting to new levies or bonds.
The commission did not vote on any new investment changes at the meeting; they accepted the report and moved on to other agenda items.
Treasurer (identified in the transcript as Speaker 4) told commissioners the county earned $1,543,785.71 in interest in its First Merchants general fund account and $282,204 in a Home Bank account. Two newly opened local deposit accounts showed smaller amounts—$364.39 at Citizens Bank and $203.56 at BMO—bringing bank-account interest to $1,826,027.66. The treasurer said the county earned $3,224,639.16 in certificates of deposit (CDs), producing a combined 2025 total of $5,276,648.74 in earnings from bank accounts and CDs. The treasurer also stated the county currently holds approximately $95,271,000 invested in CDs.
Commission discussion noted that falling market rates mean the county should not expect comparable interest receipts in 2026. One commissioner said the lower yields could reduce annual earnings by roughly $1.2 million compared with the prior period; the treasurer and commissioners discussed how prior bond timing and laddered CD strategies helped avoid new bonding and potential tax increases.
On officer appointments, an unnamed commissioner moved to appoint Don Adams, the commissioners’ chair, as president of the Board of Finance. The motion was seconded and carried. The board also confirmed that Treasurer Dan Baston will serve as secretary of the Board of Finance.
Commissioners framed the investment approach as conservative and aimed at preserving taxpayer value: ‘‘I don't wanna use the word aggressive because I don't view CDs ... as an aggressive investment,’’ the treasurer said, describing the county’s laddering strategy to smooth returns and fund future capital costs without resorting to new levies or bonds.
The commission did not vote on any new investment changes at the meeting; they accepted the report and moved on to other agenda items.
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