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Town finance adviser reports higher yields and $207 million in investable assets
Summary
An outside adviser briefed the Paradise Town Council on the town's investment portfolio, reporting about $207 million in securities and cash, a strategy of laddering maturities up to the five‑year California limit, and projected higher investment income over the next several years as higher yields are locked in.
An investment adviser briefed the Paradise Town Council on the town’s investment portfolio, saying higher longer‑term yields offer opportunities to lock in income that will support municipal operations and projects.
"A total of just over $207,000,000," the adviser told council when presenting the year‑end portfolio summary. The presentation described assets held by the town’s custodian (US Bank) and short‑term cash held in local government investment pools and deposits at Tri Counties Bank. The adviser explained that the town’s investment policy, consistent with California Government Code limits, limits individual securities to…
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