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Finance committee reviews investment update, fund reports and 2026 budget timeline
Summary
Committee received an update on cash and investment balances, discussed negative balances in two funds attributable to unapproved appropriations, and was told the mayor will present the proposed 2026 budget for adoption consideration on Oct. 13.
The Finance Committee reviewed the city’s recent investment and fund reports on Sept. 22 and discussed several cash and appropriation items ahead of the 2026 budget process.
City finance staff reported roughly $8 million of general-fund cash in money-market accounts and about $23.3 million held in Treasury securities. Staff said two recent Treasury maturities—$2.5 million and $5 million—were reinvested in three $2.5 million Treasury notes. Staff also told the committee that some construction and project funds are sitting in trustee-held money-market accounts, at Huntington, earning lower yields than fixed-income securities would provide if yields were locked in now.
The committee discussed two funds appearing with negative appropriation balances. Staff explained those negatives are…
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