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City treasurer’s quarterly investment report: Romulus portfolio at about $85.8M, 1‑year return ~5.87%
Summary
PFM representative reported the city’s combined deposits and securities totaled about $85.8 million as of 6/30/2025, with a one-year portfolio return of roughly 5.87% and recent quarter performance of about 1.4%; presenter described legal constraints under Michigan Public Act 20 limiting eligible investment types.
At the council’s Oct. 27 meeting the treasurer introduced a quarterly investment presentation from the city’s external manager (PFM). Representative Grama Lepley presented highlights for the quarter ending June 30, 2025, and answered questions from council.
Lepley said the city’s combined bank deposits and investment securities totaled about $85.8 million as of June 30, 2025, with…
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