PRESENTER: Presenter
Carren Ridge, Accounting and Treasury Manager
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SUBJECT: Title
Approval of the City of New Braunfels FY 2025 Fourth Quarter Investment Report.
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DEPARTMENT: Finance
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COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
State of Texas statutes require quarterly investment reports be presented to the governing body of a municipality. In addition, the Investment Policy adopted annually by the City Council requires quarterly reporting to the City Council.
Attached for Council consideration is the FY 2025 Fourth Quarter Investment Report to meet these statutory requirements. As of September 30, 2025, the City had $249,728,536 (market value) invested in different investment instruments including cash, as shown below. The portfolio increased by $19,748,918 due to debt issuance proceeds.
The weighted average maturity of the City's portfolio increased by nineteen days in the fourth quarter of FY 2025 compared to the third quarter. This increase is attributed to the maturity of an agency coupon and purchases of certificates of deposit.
The weighted average yield of the City's investments for the fourth quarter was 3.77%, a decrease of .30% from the third quarter of FY 2025. The decrease is attributed to a drop in overall market yields and an increased balance at Frost Bank.
We continue to research safe investment options in a changing rate environment while being mindful of the cashflow needs of bond projects and security of principal.
ISSUE:
N/A
STRATEGIC PLAN REFERENCE:
Strategic Priority: Organizational Excellence
Objective: Considering statutory and market-based factors, continue to diversify revenue streams to support long-term fiscal sustainability of the organization.
FISCAL IMPACT:
N/A
Recommendation
RECOMMENDATION:
Staff recommends approval of the attached investment report.