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Dade City accepts investment report, directs staff to prepare resolution on policy
Summary
The commission accepted an annual investment summary showing about $48 million in cash equivalents at First National Bank of Pasco, discussed diversifying the policy, and asked staff to return with a formal resolution to codify changes and timing; vote was unanimous 5–0.
The Dade City Commission accepted an annual investment summary on April 28 and directed staff to return with a resolution to formalize any policy changes.
Finance staff and consultant Altman presented the report required by state law, noting the city's pooled cash and cash equivalents of roughly $48,000,000 as of March 31, 2026. Staff said most funds are deposited at First National Bank of Pasco in FDIC-covered…
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