Lorraine M. Fende
8476 Eagle Rd., Kirtland, OH 44094
Current 2nd Term Lake County Treasurer
Bachelors Degree Ohio University
Qualifications for this office:
Current 2 Term County Treasurer, Former State Representative-served on Finance Committee and Vice Chair Financial Institution & Real Estate, Former Willowick Mayor & former Willowick Councilwoman
In an environment of decreased revenue, what changes do you anticipate having to make?
Budgetary adjustments have already been made for the balance of 2020 and all of 2021 budgets. This included a reduction in staff since the beginning of COVID-19. I. Will continue to monitor our financial situation in the areas of cost savings.
How would the economic downturn affect your investment philosophy for county funds?
I am restricted, by law (Ohio Revised Code) to what I can invest in. A professional investment company invests part of our portfolio to get the best returns. I invest the liquid portion, ready cash in Star Ohio and local banks. The market gets checked daily for highest returns.