HomeMy WebLinkAbout1985-12-17; City Council; N/A; Report on City Investments46#
REPORT ON CITY INVESTMENTS
TITLE: DEPT. HD.
CITY ArrY
CITY MGR. A
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
December 1, 1985 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT $31,924,687
-- BANKERS ACCEPTANCE NOTES
FEDERAL AGENCY NOTES OR BONDS 932,000
LOCAL AGENCY INVESTMENT FUNDS 5,000,000
OTHER INVESTMENTS $ 5,409,500
TOTAL PORTFOLIO $38,266,187
These investments have been made in
Average
Interest Average 1
Rate Term
9.52% 356
9.09 289
9.48 --
9.27 --
9.47 --
accordance with the City's investment policy adopted January 2, 1985, and revised September 10, 1985.
FISCAL IMPACT:
When held to maturity, the above investments will yield
$ 3,624,190 in interest revenue.
EXHIBITS:
Detail listing of investments as of December 1, 1985.
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