Investment Update

City Council Agenda Item Report

FROM: Nicole Bredeweg MEETING DATE: June 17, 2026 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: Sewer Fund: Water Fund: Motor Pool: Total: Investment Diversification: Treasury Bills: Pooled Funds: Certificate of Deposits:

8,363,897.97 808,789.68 2,875,590.29 125,769.79 441,470.87 690,291.16 13,305,809.76 2.00% 82.00% 16.00%

Institution

Instrument

General Fund (101) Macatawa Bank CD Huntington (Wells Fargo) CD Huntington (Ally Bank) CD Huntington (Bank of America) CD First National America CD Grand River CD Huntington CDARS (BOKF) CDARS Horizon CD Huntington CDARS (Pinnacle Bank)CDARS

US Treasury Bills First Class

Major Streets (202) Consumers Credit Union First Class

T-Bills PF

CD PF

Rate

230,000.00 192,000.00 230,000.00 200,000.00 230,000.00 118,569.09 109,069.35 101,114.71 125,238.60

1,535,991.75

240,859.46 6,587,046.76

6,827,906.22

40,000.00

768,789.68

808,789.68

4.40% 3.80% 3.50% 3.60% 3.89% 3.93% 3.55% 3.30% 3.65%

08/29/25 12/18/25 01/08/26 11/05/25 01/29/21 03/02/26 03/12/26 03/30/26 05/13/26

08/29/26 09/18/26 10/08/26 11/05/26 01/29/27 03/02/27 03/11/27 03/30/27 05/13/27

3.97% 3.72%

06/13/25

06/11/26

4.17% 3.72%

04/14/26

04/14/27

12/31/25 04/14/26

06/30/26 04/14/27

12/6/2025 04/14/26

07/06/26 04/14/27

Local Streets (203) First Class Grand River Consumers Credit Union

PF CD CD

2,610,590.29 115,000.00 150,000.00 2,875,590.29

3.72% 3.88% 4.17%

Sewer Fund (496) First Class

PF

125,769.79

3.72%

Water Fund (497) First Class

PF

441,470.87

3.72%

Motor Pool (661) First Class First National - Michigan Consumers Credit Union

PF CD CD

420,291.16

230,000.00

40,000.00

3.72% 3.87% 4.17%

690,291.16

13,305,809.76

TOTAL

Date of Issue Maturity Date