HomeMy WebLinkAbout1985-03-19; City Council; N/A; Report on City InvestmentsLB#
IITG. 3/19/85
)EPT. Treasurer CITY MOR.-&
TITLE
REPORT ON CITY INVESTMENTS
RECOMMENDED ACTION:
NO action is required.
ITEM EXPLANATION:
State law requires that the City Treasurer report to
the City Council on a monthly basis the status of the
City's investment portfolio. This report is presented
to Council each month reporting on investments held on
the first day of the month.
In summary, the City's investment portfolio as of
March 1, 1985 is as follows:
Average
Principal Interest Average
Amount Rate Term
$23,482,687.00 10.58% 304 days
$1,907,730.55 8.74% 117 days
CERTIFICATES OF DEPOSIT
BANKERS ACCEPTANCE NOTES
FEDERAL AGENCY NOTES OR BONDS $1,394,731.25 9.68% 278 days
LOCAL AGENCY INVESTMENT FUNDS $5,000,000.00 10.49% 365 days
$444,124.74 7.46% 360 days OTHER INVESTMENTS
TOTAL PORTFOLIO $32,229,273.54 9.39 285 days
These investments have been made in accordance with the
City's investment policy adopted January 2, 1985.
FISCAL IMPACT:
When held to maturity, the above investments will yield
$ 2.865.507.96 in interest revenue.
EXHIBITS :
Detail listing of investments as of March 1, 1985. MISslrJ?
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