2. Investments

City Council · 2026-04-21 · agenda_item

This agenda item concerns the City of West Melbourne's investment policies and practices. The city consolidates deposits from various funds for investment purposes, using a pooled investment approach. Interest earned is allocated monthly to these funds. Investments are generally reported at fair value, with specific exceptions for certain external investment pools. The city is authorized by statute to invest in a range of instruments, including government trust funds, money market funds, savings accounts, certificates of deposit, repurchase agreements, U.S. Treasury obligations, and federal agency securities. The Police Officers’ Pension Fund has additional investment options, including equities, fixed income, real estate, and pooled funds. This item is currently under review by the City Council. The city's investment strategy involves managing financial assets and potentially divesting from them, which may create opportunities for financial service providers and investment advisors.