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Tracy Treasurer Reports $623 million Portfolio, Urges Annual Investment Policy Review
Summary
City treasurer presented the quarter‑end (Dec. 31, 2024) portfolio review showing roughly $623 million in city assets, a combined portfolio yield above 4%, and recommended continuing annual policy review; finance committee received the report and approved it as informational.
The Tracy finance committee on Oct. 22 received an informational treasurer's report showing the city’s pooled investments and trustee accounts totaled about $623,000,000 as of Dec. 31, 2024, and a combined portfolio yield near 4.27 percent.
The report, delivered by Treasurer McCray, opened with the office’s objectives: “safety, liquidity, and return on investment,” and explained the city’s mix of demand deposits and institutionally managed portfolios, including accounts with Chandler Asset Management, JPMorgan, Invesco and the Local Agency Investment Fund.
McCray said the portfolio’s book and market values are kept…
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