HomeMy WebLinkAbout1986-08-19; City Council; N/A; Report on City InvestmentsI
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CIT - 3F CARLSBAD - AGEND'I-SILL
AB#L€AEa-
MTG. 8/19/86
DEPT. TRS
REPORT ON CITY INVESTMENTS CITY Am/ I 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
August ' 1, 1986 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT 30,207,000
FEOERAL GOV'T NOTES OR BONDS 3 , 040 , 8801
FEDERAL AGENCY NOTES OR BONDS
LOCAL AGENCY INVESTMENT FUNDS 14,332,000
5,877 , 088'
OTHER INVESTMENTS 273,817
TOTAL PORTFOLIO 53,730,785
These investments have been made in
Average
Interest Average
Rate Term .
8.15% 320
7.77 856
8.07 1268
8.16 --
8.12% --
8.11% --
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
$5,666,098 in interest revenue.
EXHIBITS :
Detail listing of investments as of August 1, 1986.
lCurrent Market Value = $3,189,003
*Current Market Value = $5,950,851 of which $49,476 represents accrued interest to August 1, 1986.
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