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Finance staff reports Q1 2025 investment portfolio: county funds shift to treasuries and LGIP for liquidity
Summary
Finance presented the city's Q1 2025 investment report showing a $383.5 million cash and investment portfolio, a shift toward U.S. Treasuries and a significant short-term balance in the Washington State Local Government Investment Pool for liquidity.
Joe Bartlemais of the City of Kent finance department presented the city's first-quarter 2025 investment report to the Committee of the Whole on June 17. He said the city's total cash and investment portfolio at the end of Q1 2025 was about $383.5 million, with material balances held in a Washington State Local Government Investment Pool (LGIP) and a laddered long-term portfolio.
Bartlemais said the portfolio structure is:…
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