The North Kings GSA received its interest payment for the fourth quarter through the Local Agency Investment Fund (LAIF), totaling $5,161.59.
LAIF is a program that provides local agencies the opportunity to participate in a major portfolio to invest dollars using the investment expertise of the State Treasurer’s Office investment staff. The program comes at no additional cost to the taxpayers.
The North Kings GSA initiated its investments in LAIF in October 2022, and over the past 14 months, earned an overall investment return of over $18,000.
The North Kings GSA remains successful in generating profit and accruing favorable interest through its LAIF and intends to persist in its investment strategy.