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Finance director reports roughly $85 million in invested balances; yield fell in quarter ending Dec. 31, 2024
Summary
Finance Director Robert Rodriguez presented the quarterly investment report showing higher portfolio balances compared with September 30, 2024, an average quarterly yield near 4.47 percent and a portfolio allocation weighted toward local government investment pools.
Finance Director Robert Rodriguez briefed the commission on the investment portfolio for the quarter ended Dec. 31, 2024, reporting a year-end portfolio balance increase and outlining yield and allocation details.
Key figures and points - Portfolio balances: Rodriguez said the city’s book value as of Dec. 31, 2024 was about $85 million, up from roughly $74 million as of Sept. 30, 2024. - Yield: The reported yield to maturity (three-month average) for the quarter was approximately…
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