Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Romulus treasurer presents quarterly investment report; PFM notes lower near‑term yields under current Fed policy
Summary
PFM presented the city’s quarterly investment report for the period ending June 30, 2025. The report showed a $85.8 million combined portfolio, a one‑year return of about 5.87%, and an explanation that Michigan law (Public Act 20) restricts local governments to conservative, highly rated, liquid investments.
The Romulus treasurer on Oct. 27 presented a quarterly investment report for the period ending June 30, 2025, delivered by PFM representative Grama Lepley. The combined city portfolio was reported at approximately $85.8 million as of June 30, with roughly $37.1 million managed actively by the city’s advisor.
Lepley told the council the portfolio returned about 5.87% over the past year and that the three‑month total‑dollar return equated to roughly $500,000 for the quarter. She said the portfolio outperformed the 0–5 year Treasury benchmark by about 12 basis points for the quarter and that investments remained concentrated in short‑ to intermediate‑term, highly rated…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
