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Oak Harbor investment committee says portfolio earned millions in 2025, holds 22 municipal bonds
Summary
City accountant Adrian Gonzalez presented an investment report showing 22 bonds (reported at $2,000,000 face each) and substantial LGIP holdings; committee members said those decisions produced roughly $4.2 million in additional earnings for 2025.
Oak Harbors Investment Committee heard a detailed portfolio review from the city accountant and was told the portfolio now leans heavily toward short-duration investments. "You will see all of our 22, bonds ... 2,000,000 each equal to 44,000,000," Adrian Gonzalez said while walking members through the slide deck.
Gonzalez told the committee the portfolio is split roughly 46% in bonds and 54% in the Local Government Investment Pool (LGIP) and gave a combined weighted average yield of 4.03%, comparing that to a six-month treasury benchmark of 3.59%. Committee members credited the shift from cash to invested holdings for producing additional earnings; one member said, "congratulations for generating $4,200,000 in 2025," noting the city earned materially more in 2025 than in prior years.
The presentation identified most bond maturities in the two- to three-year range and repeated the committees policy limits on face value and maturity terms. Members said reinvestment of maturing bonds will be reflected in the next quarters report and that staff will continue to track returns against the six-month treasury benchmark.
