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City investment adviser reports higher yields, $1 million net income for 2025
Summary
An outside presenter told the City of Cocoa council that a safety-first investment strategy and heavy weighting toward U.S. Treasuries produced a book yield of 3.79% and net income "just under $1,000,000" in fiscal 2025, up from $550,000 the prior year.
The city's investment adviser presented a year-end review to the City of Cocoa council, saying the portfolio's primary objective is "safety first" and that a disciplined, cash-flow-driven approach produced stronger income despite falling market rates.
"The book yield of this portfolio, as of the fiscal year end was 3.79%," the presenter, Mr. Gray, said. He told the council the city manages separate operating, reserves and…
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