Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Beaumont receives third-quarter investment report; portfolio complies with government code
Summary
Finance staff presented the fiscal year 2024–25 third-quarter investment report (Jan–Mar 2025), reporting diversified holdings and compliance with Government Code section 53646; the committee voted to receive and file the report.
The Beaumont Finance and Audit Committee received and filed the city's fiscal year 2024–25 third-quarter investment report, covering January through March 2025. Jennifer Stachian, finance staff, presented the report and said it is required by Government Code section 53646 and by the city's investment policy.
Stachian summarized quarterly highlights: Public Trust portfolio net income of $724,490.93; Wells Fargo sweep-account…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
