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Hewitt council approves quarterly investment report; city reports $425,416 in interest for quarter
Summary
Council approved the quarterly investment report for the quarter ending March 31, 2025, noting a market value increase to $39,491,408 and quarter interest earnings of about $425,416; the report compared portfolio yields to short-term Treasuries and described account and reserve allocations.
The Hewitt City Council voted 6-0 to approve the city’s quarterly investment report for the quarter ending March 31, 2025.
City staff presented the report prepared by Valley View Consulting, LLC and described portfolio performance and holdings. “As of 03/31/2025, [market value] had moved up to $39,491,408, providing us an…
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