The Authority scheduled a follow-up discussion for its November 13, 2025 meeting on fiduciary accounts and alternative long-term investment options for its funds. No vote or decision on a strategy has been recorded.
IssueHabersham Countyunder consideration
Development Authority reviews investment options for its fund balances
The Habersham County Development Authority is looking at how its cash reserves are invested, a decision that affects how much return the Authority earns on public development funds.
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November 13, 2025: Fiduciary accounts and alternative long-term investment options for Authority funds
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At a glance
What this means now
The story
The Habersham County Development Authority put a discussion of investment strategies for its funds on its September 11, 2025 agenda, and the board reviewed its existing accounts at that meeting.
The review covered the Authority's Wells Fargo, SouthState Bank and Georgia Fund One accounts. Minutes note the Wells Fargo account had a 4.18% annual yield and a balance of $590,903, while other figures discussed included $239,000, a 4.372% rate, $565,792 and $25,894.
The Authority scheduled a follow-up discussion for its November 13, 2025 meeting on fiduciary accounts and alternative long-term investment options for its funds. No vote or decision on a strategy has been recorded.
What happened
How this issue got here
Open any step for its supporting record. A proposal remains labeled as proposed until later evidence establishes an outcome.
Appeared on agendaproposedFiduciary accounts and alternative long-term investment options for Authority funds
Follow-up discussion regarding fiduciary accounts and alternative long-term investments
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Fiduciary accounts and alternative long-term investment options for Authority funds
Follow-up discussion regarding fiduciary accounts and alternative long-term investments
Appeared on agendaproposedDiscussion of investment strategies for Authority funds
Discussion of Investment Strategies
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Discussion of investment strategies for Authority funds
Discussion of Investment Strategies
DiscusseddiscussedReview of Development Authority investment strategy (Wells Fargo, SouthState Bank, Georgia Fund One accounts)
The Wells Fargo account has a
4.18% annual yield, and the current account balance is $590,903
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Review of Development Authority investment strategy (Wells Fargo, SouthState Bank, Georgia Fund One accounts)
The Wells Fargo account has a 4.18% annual yield, and the current account balance is $590,903
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