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Investment review: portfolio dips on tax-timing but yield rises; committee receives report

Investment Review Committee · November 21, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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