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Benbrook council accepts quarterly investment report; portfolio $41.4 million invested, yield 2.87%
Summary
The council unanimously accepted the March 31 investment report. Finance Director Overgaard said the city held $41,416,531 in investments, the EDC held $7,403,840, the weighted average maturity was 20 days and yield to maturity was 2.87%.
Finance Director Overgaard briefed the council on the quarterly investment report for the period ending March 31, 2026, reporting the city held $41,416,531 in investments while the Economic Development Corporation (EDC) held $7,403,840. Overgaard said the portfolio’s weighted average maturity was 20 days and the yield to maturity was 2.87%.
Council member Franklin moved to accept the investment report as presented; the motion was seconded by Moore and carried unanimously. Overgaard framed the portfolio as short-duration with a modest yield, and staff recommended acceptance of the report without additional follow-up at this time.
