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McGregor quarterly investment report: $25.16M on hand, over $1M interest year‑to‑date
Summary
City staff reported cash and investments of $25,156,545 for the quarter ending Sept. 30, 2025, a $3.21M decrease from the prior quarter largely due to project spending, and third‑quarter interest earnings of $303,000 (more than $1M fiscal‑year‑to‑date).
City staff presented McGregor’s investment report for the quarter ending Sept. 30, 2025, reporting cash and investments of $25,156,545. The presenter said the balance decreased by $3,211,000 from the prior quarter, attributing the decline to spending on projects.
The city earned $303,000 in interest during the third quarter and fiscal‑year‑to‑date interest exceeded $1,000,000, the presenter said. The presenter added the city does not carry security instruments on its books and that account valuations are based on market value. The presenter offered to provide additional detail if council members had questions; none were raised that required further action at the meeting.
The council then recessed into executive session under cited Texas Government Code sections for legal, real estate and economic-development matters.
