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SEDC reports $20.3 million portfolio, fund balances higher than last year
Summary
SEDC staff presented the corporation’s financial position through April 30, 2025: total cash and investments of about $20.31 million, fund‑balance increases versus the prior year and year‑to‑date revenue/expense breakdowns for operating, debt service and capital project funds.
Staff presented the Stafford Economic Development Corporation’s financial statements for the year-to-date period ending April 30, 2025, reporting a total portfolio of about $20.31 million and a year‑to‑date increase in fund balance compared with the prior year.
Miss Sharp, speaking for SEDC staff, said the total portfolio was $20,310,000, with roughly half invested in a government pool earning about 4.45%. She gave a breakdown of portfolio allocations: about $10.11 million (50%) in the government pool called Logic; $2.9 million (14%) in brokered CDs averaging 4.23%; $5.0 million (24%) in…
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