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City portfolio yields 4.44% as PFM recommends 1–3 year strategy
Summary
Leslie Webber of PFM presented Titusville's investment portfolio performance for fiscal 2025, reporting a portfolio of about $49 million with a yield of 4.44% and quarterly accrual earnings of roughly $608,000. Webber said the portfolio is managed to prioritize safety and liquidity within a 1–3 year strategy; council members asked about liquidity,
Leslie Webber, an investment adviser with PFM, told the Titusville special presentations meeting that the city's investment portfolio totaled approximately $49,000,000 as of Sept. 30, 2025, and was yielding about 4.44% on a cost basis. "We manage the portfolio to meet your key investment objectives of safety, liquidity and yield," Webber said, describing a 1-to-3-year strategy that keeps credit quality high and maturities within the city's policy limits.
Webber gave a market update noting the Federal Reserve cut rates 25 basis points in…
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