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Staff: $278M portfolio highly liquid; $37M tied to CIP projects
Summary
City finance staff said the $278 million investment portfolio is highly liquid (about 94% maturing overnight) but noted $37 million is earmarked for capital projects; staff offered to provide a separate fund-level breakdown on request.
During the investment presentation, Kelly reported the city’s pooled and bond funds totaled $278,000,000 as of June 30 and described a high level of liquidity in the portfolio.
"So, as of June 30, our investment portfolio totaled $278,000,000. Of that amount, our portfolio remains highly, liquid with 94% of that maturing overnight," Kelly said. She also noted approximately $37,000,000 of that total is allocated to CIP (capital improvement project) funds that are kept separately but were presented together for reporting purposes.
The committee chair asked whether the $37,000,000 already allocated to CIP should be shown as a separate line item for clarity. Kelly responded that staff reports pooled balances together for the committee’s overview but said she could provide a fund-by-fund report if the committee prefers to see separate entries for CIP and other pools.
The matter was left as a follow-up request rather than a formal action.
