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Trustees receive FY24 annual investment report showing 4–5% returns
Summary
Staff presented the Bloom Township trustees with the fiscal-year-2024 investment report, saying liquid pool cash returns ranged from about 4% to 5% depending on timing and duration of investments.
Trustees reviewed the Bloom Township annual investment report for the fiscal year ending 2024, which staff said showed returns of about 4% to 5% on liquid cash holdings.
An administrator summarized the report prepared by Rob ("Doctor Grossi") and noted that depending on timing and duration, returns "anywhere between a 4 to 5% return on investment for our cash holdings" were seen. The presenter contrasted recent years with earlier periods when short-term yields were much lower, saying, "If you go back, I remember days ... you're lucky to get 10 basis points."
The report included historical return data and an explanation of the treasury's investment strategy. Staff characterized recent returns as "historically high" compared with the low-yield period prior to recent rate increases.
No board action or vote on the investment report was recorded in the transcript; the item was informational and slated for regular agenda handling.
