Prosper's cash and investments stood at $192.6 million at the end of September, up from $163.3 million three months earlier, according to the town's fourth-quarter investment report. The Town Council is set to receive the report Tuesday, Nov. 10, as part of its consent agenda.
The town earned about $834,000 in interest during the July-September quarter and roughly $6.1 million over the 2026 fiscal year, which ended Sept. 30, the finance department's summary says. The portfolio's average yield was 3.81% for the quarter, slightly above the 3.69% the state's TexPool fund earned over the same stretch but below the 3.95% rolling three-month Treasury benchmark the town tracks.
Where the money sits
Most of the growth went into local government investment pools. TexSTAR balances rose from about $25.3 million in June to $66.9 million in September, while TexPool fell from $39.4 million to $29.5 million. Pools and money market funds now make up half of the portfolio, up from 39% the quarter before.
The town also holds about $71.4 million in bonds issued by federal agencies such as the Federal Farm Credit Banks, the Federal Home Loan Banks, Freddie Mac and Fannie Mae, with maturities running from June 2027 to January 2029. At the end of September, those securities were worth about $1.3 million less on paper than their book value.
The weighted average maturity across the full portfolio is 258 days.
