Public commenter asks council for clarity on city's liquid assets and investment constraints

During the public-comment period Pat Hickey (identified by the clerk as the first speaker card) urged the council to disclose how much liquid cash the city maintains and described an estimate of roughly $100 million. The commenter asked for the number to be reported to council.

City staff responded that the city operates under a conservative investment policy designed to limit market exposure and that funds are separated into enterprise funds and special-revenue accounts, which restricts moving all money into a single high-yield account. Staff said they would obtain and report the official figures to the council rather than speculate.

What happens next: The commenter requested a city report on liquid assets; staff indicated they would provide the number to council in a later communication.