Ottawa County board approves routine financial resolutions; treasurer outlines process

The board approved a package of routine financial resolutions. The motions authorized the county treasurer to deposit public monies in approved financial institutions, to invest and reinvest surplus funds in compliance with the county investment policy and Public Act 20, and to handle drainage-district and road-commission funds with designated institutions.

Ottawa County Treasurer Cheryl explained that the investment authority is exercised under Public Act 20 and the county's investment policy, that the treasurer reports investments monthly to the administration and finance committee, and that some banks are listed on the county's approved list even if the treasurer's office does not currently place funds there. "This resolution authorizes the county treasurer to invest and reinvest the county surplus funds following public act 20 and the Ottawa County's investment policy," she said, adding that the office reports regularly to committee.

The board approved each resolution by roll-call votes recorded by the clerk and moved on to the next agenda item.