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Treasurer—s report: San Diego Community Power posts positive net position; Chandler outlines conservative investment strategy
Summary
The committee received and filed the treasurer—s report for the period ending Dec. 31, 2024, which showed a $38.39 million net position for the period and liquidity metrics; Chandler Asset Management reviewed portfolio positioning, compliance with California Government Code, and expectations for the yield curve in 2025.
The Finance and Risk Management Committee of San Diego Community Power received and filed the treasurer's report for the period ending Dec. 31, 2024, after presentations from the agency—s CFO and the portfolio manager from Chandler Asset Management.
Why it matters: The report showed a positive net position for the six-month fiscal period and described the authority—s liquidity, reserves progress and investment strategy as staff and the investment manager positioned cash and securities for a 2025 environment they expect will favor three- to five-year maturities.
Dr. Eric Washington, chief financial officer and treasurer, said the authority ended the reporting period with a net position of $38,388,000 on $756,000,000 of revenue and $717,800,000 of expenses. "We ended that period with a net…
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