This report examines the performance of the public funds currently invested by the Will County Treasurer’s Office. This narrative covers investment activity and performance in March 2014.

Note: Because of a delay in obtaining reconciliation data, this report was filed May 1, 2014.

Total Investment Portfolio

The county’s total holdings at the end of March had a market value of $225.6-million. The Treasurer’s Office has invested $179.6-million (79.6%) across a variety of fixed income security types (excluding cash). The total portfolio (including cash) has a Yield-to-Maturity of 95.4 basis points (0.954%) with an average maturity of 1,856 days (5.09 years).

Corporate Class C Fund

The Corporate Class C Fund is the principal operating account for the county. The Treasurer’s Office uses this fund to pay employees, vendors, and other operating liabilities.

As of March 28, 2014, the market value of the Corporate Class C Fund was $104.4-million. Yield in the Corporate Class C Fund, including cash and money markets, was 72.3 basis points.

Treasurer’s Class C Fund

The Treasurer’s Class C Fund is the county’s capital improvements fund. The Treasurer’s Office holds proceeds from the county and township motor fuel tax, automation funds, and other revenue.

As of March 28, 2014, the market value of the Treasurer’s Class C Fund was $104.8-million. Yield in the Treasurer’s Class C Fund, including cash and money markets, was 1.2%.

Benchmark Performance

The Will County Treasurer’s Investment Policy sets two benchmarks against which we compare the performance of our investments.

  1. The 90-Day Average of the 1-Year Jumbo Deposit National Rate as quoted by the FDIC
  2. The 90-Day Average of the 3-Year Treasury Note as quoted by the U.S. Treasury Department

We use these two benchmarks because they closely relate to the length of time we hold an investment.

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