Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Treasury Investment Board hears fourth-quarter report showing $1.85 million annual gain
Summary
At a brief Treasury Investment Board meeting, a staff presenter reported a portfolio cost basis of $35,572,260.26, quarterly gains of $444,618.03 and year-to-date gains of $1,848,983.56; members offered brief praise and no formal votes were recorded in the transcript.
The Treasury Investment Board heard a fourth-quarter investment report showing a portfolio cost basis of $35,572,260.26 and combined investment gains of $444,618.03 for the quarter and $1,848,983.56 for the year, a staff member told the board.
The figures were presented during a short meeting that opened with roll call and a request to submit the minutes of a prior meeting for approval. The transcript records the presenter delivering the portfolio totals and gain amounts but does not record a formal vote on the minutes.
The presenter said the city’s investments and CIC accounts combined had gained $444,618.03 for the quarter. The presenter also reported that the city’s investments had gained $339,840.41 (reported in the transcript as “339840 and 41 cents”), and that the three investment accounts combined gained $1,848,983.56 for the year. The transcript identifies the amounts but does not attach additional detail about account composition or the CIC acronym expansion.
An unnamed meeting participant responded, “That’s pretty good. Really good job.” The presenter replied, “Just keep up the good work.” The meeting then adjourned after no further substantive discussion was recorded; the chair noted adjournment at 7:14 p.m.
The transcript shows only brief discussion and no formal motions or vote tallies for the minutes or the investment report. The meeting focused on receiving the quarterly figures; no implementation steps, allocations, or follow-up requirements were recorded in the provided transcript.
