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Hermiston reports $35.1 million in city investments; council accepts quarterly report
Summary
Finance staff presented the quarterly investment report showing about $35.1 million in holdings as of Dec. 31, 2025, with quarterly interest earnings of roughly $372,000 and an average quarterly yield of 1.3%; the council accepted the report unanimously.
City finance staff presented the Jan. 2026 quarterly investment report (for the period ending Dec. 31, 2025), which the Council accepted by unanimous roll call.
"As of 12/31/2025, we had approximately $35,100,000 held in investments," said the presenter (speaker 8), noting roughly $25,100,000 of that was in the Local Government Investment Pool (LGIP) and about $10,000,000 in restricted corporate bonds and other investments. Quarterly interest earnings were reported at about $372,000 and the average interest for the quarter was 1.3%. The presenter also said lifetime yields on some corporate holdings were higher and that LGIP earnings had been trending down with federal rate cuts.
Councilors asked for more visual aids and trend information at future presentations. A motion to accept the report passed unanimously by roll call; staff said future agenda packets will include clearer graphics or trend displays on request.
