02-04-2026 Investment Committee Meeting

The City of Oak Harbor Investment Committee held its first quarter meeting on February 4, 2026, focusing primarily on the city's investment portfolio and economic outlook. The committee reviewed the current bond holdings totaling $44 million and the Local Government Investment Pool (LGIP) with approximately $52 million, discussing the weighted average yields and the conservative investment strategy of holding bonds to maturity. They also examined economic indicators such as the federal funds rate, CPI, and interest rate forecasts, noting the impact of political and economic factors on investment returns. The committee highlighted the success in generating $4.2 million in investment income in 2025, exceeding budget expectations, and emphasized adherence to the city's investment policy and conservative management practices. No new procurement actions, contract awards, or vendor selections were discussed during the meeting.