Committee reviews investment policy, moves into closed session
Committee reviewed the city's investment policy, agreed to affirm it with noted changes, and voted to convene into a closed session under Wisconsin statute; members discussed updating a custodial reference and timing of the policy review.
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Staff presented the investment policy review and summarized the quarterly investment update. Staff noted the weighted average yield on the city's portfolio and reiterated the city's buy'and'hold-to'maturity approach and limits on allowable investments under state law.
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