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Edinburg finance director reports quarterly investment yields; says ARPA disbursement received
Summary
Interim finance director Flor Seguin presented quarterly investment highlights—TexPool and Texas National Bank holdings with yields of 2.03%, 3.51% and 4.45% across reported quarters—and confirmed the city received the second and final ARPA disbursement; council asked about transferring ARPA funds into investment accounts.
Interim Finance Director Flor Seguin presented the highlights of the city's investment reports for the quarters ending Sept. 30, 2022; Dec. 31, 2022; and March 31, 2023. Seguin said the city's investments were primarily in TexPool and Texas National Bank and reported quarterly yields of about 2.03% (fourth quarter), 3.51% (first quarter) and 4.45% (second quarter), with…
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