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Neptune Beach staff move to invest reserves after CFO presents cash-flow analysis
Summary
CFO Jerry Hernandez told the finance committee a five-year cash-flow review shows the city averages about $12 million in balances; staff will draft a council resolution to authorize placing roughly $4 million into government securities via the Florida Municipal Investment Trust, pending legal review.
Neptune Beach—s finance committee heard Tuesday that the city has significant idle cash and is preparing to move a portion into higher-yield investments.
CFO Jerry Hernandez presented a five-year cash-flow analysis for the fiscal year ending Sept. 30, 2025, and said the city closed the year with about $11.4 million in cash. He told committee members the only notable recent deviation in the five-year trend was a one-time ARPA inflow of roughly $3.2 million. "On page 6 and 7, you will see a cash flow analysis for the fiscal year that just ended in September 30 of, 2025," Hernandez said as he walked through the handout.
Committee members said the city—s average cash balance (about $12 million) represented a large missed opportunity to earn returns in recent years. The chair said that if the city had earned roughly 3% on those balances over several years, it could have…
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