City reports $279.2 million investment portfolio; majority held in U.S. Treasuries
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Summary
Treasury presented the quarter‑ended June 30, 2025 investment report: total market value $279,199,339, with 82.7% in U.S. Treasuries; maturity distribution skewed to 1–3 years and 3–5 years; quarterly mark‑to‑market adjustment $718,876.21.
Susan Brockhouse, cash management officer, presented the City of Lee's Summit investment portfolio for the quarter ended June 30, 2025. She reported a total market value of $279,199,339 as of June 30 and said the portfolio allocation complies with the city's investment policy.
Brockhouse gave the composition: 82.7% of the portfolio is invested in U.S. Treasury securities, 7.8% in U.S. government agency securities and 7.4% in demand deposits. On maturities (market value basis) she reported 30.2% maturing in less than one year, 38.1% maturing in one to three years and 31.7% maturing in three to five years. "Our primary objectives continue to be safety, liquidity, and yield," Brockhouse said.
She reported six securities matured during the quarter with total par value $26,922,000 and yields ranging from 2.806% to 4.92%; two securities were purchased during the quarter with total par value $10,000,000 and yields of 3.714% to 3.802%. Fiscal‑year‑to‑date mark‑to‑market allowance was just over $6,000,000 and the quarterly adjustment was $718,876.21. Brockhouse noted the city's practice is to purchase and hold securities to maturity, and that mark‑to‑market entries follow GASB requirements.
No committee action was required; the presentation was received and staff answered committee questions about the portfolio and upcoming debt issuance planning.
