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New committee formed to oversee $25M in investments
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Warren County government must establish an Investment Committee to oversee its $25 million in investments.According to the 1981 Act the county adopted in 2011 and established in 2012, the committee will receive a monthly report and supervise the county’s financial endeavors.“We have to do this by the auditors,” said County Executive Herschel Wells.The information was presented to the county Financial Management Committee on Wednesday with members County Commissioners Terry Bell, Linda Jones, David Rhea and Tommy Savage, Director of Schools Bobby Cox, and Road Superintendent Levie Glenn. Wells is chairman. Wells says he contacted the County Technical Assistance Service (CTAS) he was told Financial Management Committee members could be used as Investment Committee members.