06-17-2026 Investment Committee Meeting

The City of Oak Harbor Investment Committee held a meeting on June 17, 2026, primarily focused on reviewing the city's investment portfolio and economic outlook. The committee discussed the current status of the portfolio, which totals approximately $93 million in bank and investments, including bonds and local government investment pools (LGIP). Key points included the weighted average yields, recent bond purchases, and the impact of recent Federal Reserve interest rate changes and geopolitical events on investment strategy. There were no procurement actions, contract awards, or budget allocations discussed during the meeting. The committee concluded with a consensus to maintain a steady investment course amid economic uncertainties and adjourned the meeting without any motions related to spending or procurement.