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City hears annual investment report; bond proceeds and higher yields lifted investment income
Summary
Government Portfolio Advisors presented the city's annual investment report, noting $28 million in bond proceeds invested, a rise in portfolio yields, $1.1 million in unrealized market-value gains, and increased general fund investment income for fiscal 2025.
The Budget and Finance Committee received the city's annual investment report from Government Portfolio Advisors, which highlighted higher yields across the portfolio, invested bond proceeds, and stronger investment earnings for fiscal 2025.
Deanne Woodrick, owner of Government Portfolio Advisors (GPA), reviewed market drivers and the city's portfolio strategy, saying the firm's work focused on "diversify[ing] the maturity structure" and optimizing returns without taking additional risk. Woodrick told the committee GPA invested and…
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