Investment Update

City Council Agenda Item Report

FROM: Nicole Bredeweg MEETING DATE: October 08, 2025 SUBJECT: Investment Report

DESCRIPTION: Included is the breakdown of funds invested in CD’s, Treasury bills, and pooled funds (MiCLASS). Total funds Invested: General Fund: Major Streets: Local Streets: Water / Sewer Fund: Motor Pool: Total: Investment Diversification: Treasury Bills: Pooled Funds: Certificate of Deposits:

7,398,982.95 631,625.68 2,477,472.02 501,517.02 664,695.93 11,674,293.60 2.00% 76.00% 22.00%

Institution General Fund (101) Macatawa Bank Huntington Bank (Flagstar) 1st National America Horizon Bank Grand River First National Bank-Michigan Huntington (Key Bank) Horizon Bank Huntington (Goldman Sachs)

Instrument

CD CD CD CD CD CD CD CD CD

US Treasury Bills - Huntington BankT-Bills First Class CP

Rate

230,000.00 192,393.60 281,213.73 209,616.02 115,224.75 274,608.25 250,035.00 209,616.01 107,000.00

1,869,707.36

240,872.50 5,288,403.09

5,529,275.59

4.40% 4.75% 4.19% 4.15% 4.35% 4.15% 4.30% 4.15% 3.90%

08/29/25 12/11/23 01/29/21 06/30/25 06/30/25 06/30/25 06/20/25 06/30/25 09/02/25

08/29/26 12/15/25 01/29/26 10/30/25 02/28/26 11/30/25 12/31/25 10/30/25 03/09/26

3.97% 4.29%

06/13/25

06/11/26

06/30/25

12/31/25

12/13/23

12/15/25

5/6/2025

12/06/25

Major Streets (202) First Class

CP

631,625.68

4.29%

Local Streets (203) First Class Grand River Bank

CP CD

2,184,993.21 292,478.81 2,477,472.02

4.29% 4.35%

Water / Sewer Fund (592) Huntington Bank (Flagstar) First Class

CD CP

138,850.31 362,666.71

4.75% 4.29%

Motor Pool (661) First Class First National Bank MI

TOTAL

CP

501,517.02

438,412.30 226,283.63

664,695.93

11,674,293.60

Date of Issue Maturity Date

4.29% 4.17%