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Sunbury finance staff reports $22.3 million in cash and investments, notes easing rates
Summary
Finance staff told the Sunbury finance committee the city held about $22.3 million in cash and investments at year-end, with nearly half in liquid accounts and an average book yield of just over 4% on securities; staff said recent Federal Reserve cuts are beginning to lower rates.
Finance staff presented the quarterly investment review to the Sunbury finance committee on Feb. 18, saying the city’s total cash and investment balance was "right around $22,300,000" as of Dec. 31, 2025. The presentation noted about 46% of that balance sits in liquid accounts such as Star Ohio and First Commonwealth Bank, with the remainder in Fifth Third Securities.
"For our Fifth Third Securities, we have about 12,100,000 in current units in our portfolio," the finance staff said, adding the portfolio’s weighted average life was about 1.849 years and the current book yield was "a little over 4%." The report listed a simple credit rating of AA plus for those holdings.
Staff told the committee the municipal portfolio remains in an elevated rate environment, but that the Federal Reserve cut rates three times late in 2025 and the city is beginning to see those reductions reflected in the economy.
The committee asked clarifying questions about the makeup of the accounts and the liquidity of investments. No formal action was requested; staff said it will continue to monitor yields and maturities and bring updates at future meetings.
The investment review referenced the city’s investment policy as the guiding document for these quarterly reports.
