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City accepts June quarterly investment and monthly financial reports
Summary
Finance staff presented June 30, 2026 investment and monthly financial reports; council accepted the reports unanimously. Total investments were reported at roughly $34–35 million and fiscal-year interest earnings were summarized.
Finance staff presented the city’s quarterly investment report and the June 30, 2026 monthly financial statements; the council unanimously accepted both reports July 27.
The treasurer reported approximately $34–35 million in total investments across the city and urban renewal portfolios and noted fiscal-year interest earnings of roughly $1.44 million across portfolios. The local government investment pool returned just under 4% on average and the investment portfolio earned about 5.1% for the year; staff highlighted that the city ended the fiscal year ahead of revenue/expenditure targets in several funds. The urban renewal report noted one large north-Hermiston project is underway with right-of-way acquisition complete. Councilors congratulated staff on improved reserve positions and sound fiscal management.
The council voted to accept the quarterly investment report and the monthly financial report by roll call.
