At the September 26th Council meeting, the Washington City Council reviewed the quarterly investment report from the City Treasurer's office. In early 2012 the Washington City Council approved an investment policy and directed the Treasurer to invest city funds in public investment tools that ensured safety, allowed for liquidity and maximized the investment return on these funds. The Treasurer reported a gain on investment of over $200,000 in interest earnings this year compared to what would have been an investment pool yield of $70,000. These funds are primarily located in U.S. Treasury
Securities.
No comments:
Post a Comment