City finance staff presented an update on the city’s investment earnings at the Ways and Means Committee meeting on Aug. 7, reporting cumulative interest of about $3.9 million across active accounts and a monthly average of roughly $62,000 for 2025.

The report matters because those earnings support the general fund and reserves and influence near-term budget planning. Committee members asked clarifying questions about the accounts and monthly performance.

Brad, presenting the report for city finance, said the four active accounts the city still manages include the 2017 debt service reserve fund, the 2018 debt service reserve, the 2019 debt service reserve and the general fund accounts. "If I just add up each of the 4 accounts that are still active and not the other ones which are no longer in the 2017 reserve, that has made, a $169,445 in interest earnings," he said. He reported the 2018-related reserve and project funds had earned about $1,985,000; the 2019 reserve and project funds about $363,000; and the city’s general funds interest earnings totaled "$1,315,009.54." Brad summarized the combined total as roughly $3,900,009 and said the city was on pace to cross $4 million in a few weeks.

Brad also reviewed monthly performance on the packet’s second page, noting total earnings year-to-date of $433,000 and a July peak of about $63,000. "So it brings us to a monthly average of just under $62,000 a month," he said. Committee members did not raise objections and thanked Brad for the presentation.

The presentation was informational; no formal action or vote was taken. Finance staff said they will continue to provide the same breakout in future packets so the committee and departments can track trends and incorporate earnings into budget work.

Committee members asked no substantive follow-ups beyond confirming the numbers reported and thanking staff for the detail. The finance office will deliver the next monthly report at the committee’s following meeting.