Laserfiche WebLink
Page 5 of 7 <br /> <br />In February 2020, the City Council authorized Finance staff to deposit, and withdraw from, the <br />Conservative portfolio an additional amount up to the total annual required CalPERS payment. <br />In March and December 2020, two additional $5.0 million contributions were deposited into the <br />Conservative portfolio for a total of $16.7 million deposited into the Conservative portfolio. <br /> <br />As presented in the chart below, the Conservative portfolio balance was $20.9 million at the <br />end of June 30, 2025, an increase of $0.6 million from the prior quarter. The Conservative <br />portfolio investment return for the quarter ended June 30, 2025 was 2.67 percent, and the five- <br />year annualized return was 3.97 percent. <br /> <br /> <br /> <br /> <br />The second portfolio (Capital Growth) addresses the longer-term pension liabilities with an <br />initial investment of $21.3 million. The focus of this portfolio is to earn a higher rate of return <br />over the next 10 years or so before the City needs to draw upon it. <br /> <br />Page 162 of 674