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Public spending, fees, taxes, bonds, contracts, and the tradeoffs behind public money.
The city’s investment advisor, Insight Investment, reviews the policy each fiscal year for compliance and market trends.
The Commission presented its work‑plan goals, including an annual review of the investment policy and quarterly review of investment portfolio performance.
The City can invest in supranational securities rated “AA” or higher, limited to 30% of the portfolio.
U.S. GDP for Q4 was revised down from 1.4% to 0.7% annualized.
The agenda notes ICE BofA as a broker‑dealer without additional details.
A disclaimer document about investment advisory services is attached.
The Finance and Audit Commission will receive and file the quarterly investment portfolio reports for March 31, 2026.
Overnight repo rate is listed as 4.11 with a yield of 1.91.
The agenda lists corporate bonds such as 3M Company 2.25% (due 19 Sep 2026) and Apple Inc 2.9% (due 12 Sep 2027).
The agenda notes a review of the city’s investment policy and recommendations for strategic changes.
The commission will receive a quarterly update on city grant funding.
The agenda lists a line item titled “Government Agencies.”
The agenda includes a line item titled “Government Bonds.”
The commission is reviewing a Fannie Mae investment of 3,000,000.00.
The commission is reviewing investments in PNC Financial Services with amounts including 1,100,000.00, 1,200,000.00, and 2,500,000.00.
The commission is reviewing investments in Home Depot Inc for 3,000,000.00 and 1,200,000.00.
The commission will review updates to the City’s FY 2026-27 investment policy and the Successor Agency’s policy.
The commission is reviewing multiple investments in Federal Farm Credit, including amounts such as 1,000,000.00, 2,000,000.00, and 4,000,000.00.
The city sets specific limits on how much of its portfolio can be invested in different security types to avoid unreasonable risk.
The commission is reviewing investments in American Honda for 2,300,000.00 and 1,000,000.00.
The commission is reviewing a US Bancorp investment of 2,000,000.00 with a maturity date of 07/22/2026.
The commission is reviewing Apple Inc investments of 2,121,000.00 and 1,000,000.00.
The commission is reviewing Citibank NA investments of 1,500,000.00 and 2,150,000.00.
The commission reviewed the city’s investment policy, which guides how securities are bought and monitored.
