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Huntingburg Board of Finance Hears Investment Activity Report for 2025
On Wednesday evening, Huntingburg’s Annual meeting of the Board of Finance was called into
session.
Steve McPherron, the current President, called the board to order for the Election of officers.
After a brief discussion, McPherron was elected to another term for 2026. Likewise, the board
also retained Secretary Jeff Bounds for an additional term. In addition to its officers, its
members for 2026 will include Glen Kissling, Pamela Bolte, and Timothy Wehr.
The Board of Finance is comprised of members of the Council. While as the legislative body, the
Common Council has the responsibility of passing ordinances, resolutions, and orders for the
city's government, the Board of Finance is responsible for finances and appropriation of money
spent.
The board approved the minutes of the last meeting of January 28, 2025. Clerk-Treasurer
Thomas Dippel then presented the Investment Activity Report for 2025. All of this activity was
from the Trust Indiana account, which Dippel said is treated as a cash account as it is “higher
than any investments than we would get.” The funds totaled $1,188,844.89 at a rate of
4.2093%.
The investment policy was provided to board members for review. The policy does not require
approval, but Dippel did invite any feedback. Of the asset, McPherron said, “Safety’s always
first on that one, on this particular investment. Then liquidity, then return, down the line.”
For more information on these and other updates, visit www.huntingburg-in.gov
- By Drew Hasselbring