PRESENTER: Presenter
Carren Ridge - Accounting and Treasury Manager
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SUBJECT: Title
Approval of the City of New Braunfels FY 2026 Second Quarter Investment Report.
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DEPARTMENT: Finance
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COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
In compliance with State of Texas statutes, municipalities are required to present quarterly investment reports to their governing bodies. Additionally, the City Council's annually adopted Investment Policy mandates quarterly reporting to the Council. Submitted for the Council’s review and consideration is the FY 2026 Second Quarter Investment Report, fulfilling these statutory and policy requirements.
As of March 31, 2026, the City’s investment portfolio held a market value of $247,325,009 comprised of various investment instruments shown below, including cash. This reflects an increase of $23,038,396 compared to the first quarter of FY 2026. This increase is largely attributed to property tax collections. The majority of property taxes for the fiscal year are collected between the months of January and March.
The weighted average maturity of the City’s investment portfolio decreased by 6 days during the FY 2026 second quarter, compared to the first quarter of FY 2026. The decrease is mainly attributed to an increase in the percentage of overnight investments.
The weighted average yield experienced a decline of 0.12 percentage points in comparison to the first quarter of FY 2026. This slight decline is largely attributable to a downward shift in market interest rates during the quarter.
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
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RECOMMENDATION:
Staff recommends approval of the attached investment report.