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Investment review: portfolio dips on tax-timing but yield rises; committee receives report
Summary
The Investment Review Committee received the fiscal-year 2425 first-quarter report showing a roughly $18.4 million net portfolio decline tied to property-tax timing and a year-over-year portfolio yield increase to about 2.93%. The committee approved minutes and staff flagged monitoring of pooled funds CAMP and LAIF.
The Investment Review Committee on Oct. 24 received its fiscal-year 2425 first-quarter investment review showing a net $18,400,000 decrease in the portfolio and a decline in pooled cash driven by the timing of property-tax receipts.
Committee Chair Corak presented the report and said, "In total, there has been a 13.8 decrease in overnight cash as well as an $18,400,000 net decrease in total portfolio." She identified maturities of $52,100,000,…
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