HomeMy WebLinkAbout1986-04-15; City Council; N/A; Report on City InvestmentsCIT"0F CARLSBAD - AGEND - BILL
MTG. 4/15/86 REPORT ON CITY INVESTMENTS
DEPT. TRS
RECOMMENDED ACTION:
No action is required.
ITEM EXPLANATION:
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CITY ATd
CITY MGR.
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
APRIL 1, 1986 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT $31,007,000
FEDERAL GOV'T NOTES OR BONDS 3,040,880'
FEDERAL AGENCY NOTES OR BONDS 2,842,1252
LOCAL AGENCY INVESTMENT FUNDS 5,000,000
OTHER INVESTMENTS 289,688
TOTAL PORTFOLIO $42,179,693
These investments have been made in
Average
Interest Average
Rate Term
8.84% 294
7.77% 856
8.48% 888
9.10% --
6.65% --
8.75% --
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
$ 4,059,305 in interest revenue.
EXHIBITS :
Detail listing of investments as of APRIL 1, 1986.
' Current Market Value = $3,087,459
Current Market Value = $2,901,222 of which $34,660 represents
accrued interest to April 1, 1986.
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