The City’s investment of public funds is conducted in a manner prescribed by an investment policy, which is reviewed and approved annually by the City Council. The policy provides a framework for the responsible management and oversight of all City funds.
The City’s investment portfolio, which averages $20 million, consists of certificates of deposit, treasury bonds and pooled investments. Financial reports are produced monthly detailing investments made, rates of return and total cash balances.
Details City investments made, their rate of return and total cash balances on a monthly basis.