Orange County Comptroller Phil Diamond delivered the annual financial investment report on Tuesday morning that illustrated that the county had received a $12.8 million dollar return on investment.
The county investing strategy revolves around the safe return of it’s originally investment amounts, liquidity of always having cash on hand if needing and maximizing the yield after the first two objectives have been met. The county has beat all of it’s investment benchmarks for the last nine years.
Most of the county’s investments included treasuries and money market mutual funds. The commission was also advised that world events could effects it’s investment in the future.
Diamond also gave credit to his longtime predecessor Martha Haynie for the consistent returns. The presentation was well received by the Commission.