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City reports nearly $3.84 million in investment earnings since 2018; staff clarifies fund restrictions
Summary
An investment advisor told the Ways and Means Committee the city has earned about $3.84 million in investment interest since July 2018 and $370,000 year-to-date in 2025; staff clarified much of the interest is allocated to restricted project and bond accounts rather than available operating revenue.
At the Ways and Means Committee meeting, the city’s investment advisor reported total interest earnings of about $3,843,000 since July 2018, including $728,000 earned in 2024 and approximately $370,000 year-to-date in 2025 across bond reserve and general custody accounts. The presenter, Brad, explained the $3.84 million figure is the aggregate of earnings…
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