Dubois County Investment Policy Approved

Early Tuesday morning, the Dubois County Board of Finance assembled to discuss the county’s investments for the coming year. 

In its first order of business, the Board of Finance addressed the annual reorganization of officers. The same slate of officers was adopted, naming Chad Blessinger as President and Craig Greulich as Secretary. 

Greulich presented the suggested investment policy for the county this year, which he described as being the same as last year. He explained that the current plan appears solid, based on the amount of interest accrued. The board agreed and approved the investment policy as presented. 

A summary of year end investment holdings was also provided. Greulich said that this was a good year for rates, which have risen steadily over the last few years. 2022 had a total interest gain of approximately $522,000, and 2023 earned approximately $2.4 million. In 2024, investments generated approximately $2.7 million in interest. Greulich expects a decline for 2025 as the fed cuts interest rates and the market enters into a flattening rate curve.  

The county has some checks that have been uncashed for more than two years, and the board heard that the payees have been contacted numerous times by mail. The unpaid $249.07 will be returned to the county’s account. The board also heard that funds are being held largely in the county’s interest-bearing money market account, with a smaller amount being held in a separate account of immediately available funds. 

For more information on these and other updates, visit duboiscountyin.org/government


 - By Drew Hasselbring