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Investment report: Brentwood cites $2.7 million total interest earnings since 2018, $308,000 year-to-date
Summary
The committee received an investment report showing total interest earnings of roughly $2.7 million since 2018; interest earnings were $728,000 in 2024 and $308,000 through May 2025. The city has securities laddered monthly with upcoming maturities of about $940,000 in June.
The Ways and Means Committee reviewed the city’s investment report on June 5. Brad, the city’s investment presenter, reported cumulative interest earnings of about $2.7 million since the city’s relationship with the advisor began in 2018, $728,000 in 2024 and $308,000 year-to-date through May 2025.
Brad said the city is averaging roughly $61,000 per month in interest earnings so far this year and has securities laddered to mature throughout the next 24 months, with an average of about $454,000 maturing each month. He noted two securities maturing in June—June 17 and June 30—totaling about $940,000 and said he will consult with finance staff on anticipated cash needs before reinvesting.
Committee members praised stewardship of the funds and had no objections to the report.
