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Treasury staff presents $950 million portfolio, $25 million interest income and investment strategy to Carlsbad board
Summary
City treasurer presented an overview of the Treasury Department’s functions and summarized the fiscal year 2024–25 investment report, with a portfolio valued near $950 million, a portfolio yield around 3.4% and about $25 million in interest income for the year.
The City of Carlsbad city treasurer briefed the Investment Review Board on the Treasury Department’s role, allowable investments, portfolio strategy and the annual investment report for fiscal year 2024–25. Staff reported an ending portfolio balance near $950 million, a year‑end portfolio yield of about 3.4 percent and approximately $25 million generated in interest income for the fiscal year.
The treasurer told the board that the treasury department’s primary public…
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