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Committee reviews city investment report and outlines options for unallocated reserves; schedules aggressive FY26 budget calendar
Summary
Treasury reported a $301.4 million portfolio and the committee reviewed a reserve policy that triggered cash funding of the Green Street Market and several one-time investments; staff also outlined an accelerated budget calendar tied to an ERP migration.
Lee's Summit Finance and Budget Committee members on Tuesday received the city's quarterly investment report and discussed options for spending unallocated general fund reserves that exceeded the city's upper policy threshold.
Cash management officer Brockhouse reported the market value of the city's investment portfolio for the quarter ended Dec. 31, 2024, was $301,371,592. She said about 6.5% of that — roughly $19,634,364 — are general obligation bond proceeds not yet expended. Portfolio composition reported: 75.3% U.S. Treasury securities, 8.78% government agency securities and 9.41% demand deposits. By maturity, she said 37.8% mature in less than one year, 34.5% in one to three years and 27.7% in three to five years. The…
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