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Compton treasurer reports $312 million portfolio, $3.0 million in quarter earnings; audit status remains incomplete
Summary
City Treasurer Brandon Mims told the council the city holds about $312,000,000 in invested assets and reported $3,005,318.42 in interest earnings for the quarter; he cautioned that full fiscal position requires controller's audit and the 2024 audit is not yet complete.
City Treasurer Brandon Mims presented the fiscal year 2026 second-quarter investment report, saying the city's investment portfolio totaled about $312,000,000 as of the reporting date and earned $3,005,318.42 in interest for the quarter.
Mims described market conditions that shaped performance: a cooling economy, easing of the prior inverted yield curve, and Federal Reserve moves that reduced benchmark rates to the…
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