Treasury Investment Board: Q3 portfolio at $41.4 million; Q3 gains $489,006.73

At its Oct. 23, 2025 meeting the Treasury Investment Board heard a third-quarter investment report showing the city—s combined investment accounts totaled $41,400,000 at the end of the quarter and that the accounts earned $489,006.73 in the third quarter when including the sweep account.

Treasury staff said year-to-date interest totaled just under $1.4 million and that "after we post the September interest that we earned, we will have exceeded our estimate by $38,000," a staff member said. The report said the board posts interest and arrears on the city—s books.

On market conditions, Treasury staff noted small cuts to the federal funds rate during the quarter and that markets were expecting another 0.25 percentage point cut by the end of the month and possibly one more by year-end. Staff described a laddered investment strategy, saying they were "looking at investments maturing out into 2029, 2030 now" to lock in favorable rates.

A board member praised the work, saying, "I think you're doing a fabulous job." Staff described a review process in which external advisers make recommendations that staff and a colleague review before making decisions.

The board approved the previous meeting—s minutes as presented. No substantive changes to the report were requested during the meeting, and the board discussed scheduling the next meeting for Jan. 22.

The report presented figures for the city—s two main investment accounts and a sweep account; the transcript did not provide a line-item breakdown by account or identify the specific investments that make up the portfolio. Staff said they aim to keep the city—s cash flow growing and to avoid concentrating maturities so that not everything comes due at once.

The Treasury Investment Board adjourned at 07:26.