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Investment report: BCRUA portfolio described as conservative and positioned for upcoming draws
Summary
The authority's investment officer reported a conservative portfolio of $71.9 million (presentation figure) with monthly interest income of $480,000 for May and fiscal‑year‑to‑date earnings of $3.2 million; construction‑fund balances for Cedar Park, Leander and Round Rock were also reported.
Mr. Williams presented the quarterly investment report and market observations to the board, describing the portfolio as conservative and compliant with the Public Funds Investment Act and BCRUA policy. He reported the portfolio value in the presentation as $71,900,000 with a cited book value figure given as $170,700,000; May interest income was reported as $480,000 and fiscal year‑to‑date earnings as $3,200,000.
Williams also broke down construction and escrow balances by city, noting Cedar Park’s construction fund balance and Leander’s larger construction holdings, and characterized credit quality as concentrated in low‑risk instruments. There were no questions from the board, and the board voted to accept the investment report.
