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Council signals support to diversify cash holdings; staff to pursue investment account with METER Public Funds
5685847 · August 20, 2025
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Summary
Council agreed in principle to move roughly $15 million of idle funds into longer-term, laddered investments with an advisory firm (METER Public Funds) to stabilize interest returns; staff will bring an investment policy and agreement for approval.
Highland City staff presented options to diversify a portion of the city’s cash holdings by investing about $15 million of idle funds with a professional manager to reduce volatility in interest income. Staff compared fees from several firms and reported that METER Public Funds (also presented previously…
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