# Romulus City Council Study Session 10-12-26

The Romulus City Council held a special study session on October 12, 2026, to review the quarterly investment report for the quarter ended June 30, 2026. City Treasurer Tracy Page and PFM Asset Management’s representative reviewed the city’s approximately $38 million investment portfolio, market conditions, risk, and returns. They reported a quarterly total dollar return of about $158,000 and approximately $400,000 in accrual-basis earnings; the portfolio’s one-year total dollar return was about $1.1 million. The presentation described increased commercial paper holdings (from 5.1% to 7.5%), added Treasury securities, and reduced agency commercial mortgage-backed securities, with investment activity governed by Public Act 20. The presenter also noted that the report’s figures predated the city’s September transition from Comerica to Fifth Third.

Council approved the meeting agenda and later voted to adjourn. The session was informational: no contract awards, bids, procurement approvals, or spending motions were identified.

**Jurisdictions:** sled
**Published:** October 12, 2026

### Sources
- [Romulus City Council Study Session 10-12-26](https://www.youtube.com/watch?v=S3peT4xBPFk) - CityofRomulus