HomeMy WebLinkAbout1986-06-17; City Council; N/A; Report on City InvestmentsCIT- OF CARLSBAD - AGEND -'BILL
LE# rJ 60
[TG. 6/17/86
IEPT. TRS
TITLE:
REPORT ON CITY INVESTMENTS CITY AlN{-
CITY MGR-
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
June ' 1, 1986 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT $31,307,000
FEDERAL GOV'T NOTES OR BONDS 3 , 040 , 880'
FEDERAL AGENCY NOTES OR BONDS 4 , 833 , 885'
LOCAL AGENCY INVESTMENT FUNDS 14 , 332 , 0003
OTHER INVESTMENTS 278,037
TOTAL PORTFOLIO $53,791,802
These investments have been made in
Average
Interest Average
Rate Term
8.42% 301
7.77% 856
8.09% 888
8.51% --
6.30% --
-- 8.37%
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
$ 5,443,598 in interest revenue.
- EXHIBITS:
Detail listing of investments as of June 1, 1986.
kurrent Market Value = $3,243,314
2Current Market Value = $5,812,875 (Includes $886,486 accrued interest)
31ncludes $9,332,000 Proceeds from College Blvd. Assessment District
Bond Sale
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