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City hears PFM briefing showing $283.3M reserve and positive recent returns
Summary
PFM representative Leslie Webb Weber told the Plantation City Council the city’s operating reserve stood at $283.3 million as of Dec. 31, 2025, the portfolio is managed to a 1–3 year strategy, and the one‑year return was about 5.52%, while staff said the portfolio remains in compliance with city policy.
Leslie Webb Weber, a PFM representative, told the City of Plantation on April 29 that the city’s operating reserve totaled about $283.3 million as of Dec. 31, 2025, and that the investment strategy emphasizes safety, liquidity and yield with an effective duration of roughly 1.77 years. She said yield‑at‑cost was 4.28% and that the portfolio returned about 5.52% over the prior 12…
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