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Neptune Beach council reviews draft investment plan for roughly $11.5 million in city cash
Summary
Councilors reviewed a conservative draft investment plan for about $11.5 million in city operating cash, discussed liquidity, fees and stress‑testing, and were told the portfolio could yield roughly 3.8–4.75% (staff cited an average ~4.25%); no formal action — council asked for committee refinement for a December decision.
Neptune Beach — Councilors spent an extended portion of the workshop reviewing a draft investment plan that would place roughly $11.5 million of city cash into a structured portfolio designed for modest yield and liquidity.
Councilor Rogers opened discussion by correcting an earlier statement about allowable equity portfolios and calling the draft “far more…
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