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City finance report highlights strong recent interest income and prompts proposal to relax two‑year maturity limit
Summary
City finance staff presented an investment report showing elevated interest income over the past two years and recommended revising the city’s investment policy to allow longer maturities.
City finance staff presented an investment report showing elevated interest income over the past two years and recommended revising the city’s investment policy to allow longer maturities.
The presentation matters because higher interest income has materially helped the city’s general fund, but staff cautioned the windfall is historically an outlier and recommended changes to the investment policy to hedge against forecasted rate cuts.
Staff said total interest income has spiked in the last two years compared with historical…
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