HomeMy WebLinkAbout1986-10-07; City Council; N/A; Report on City Investments4B#&3$ MT
3EPT. TRS
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TITLE: DEPT. HB&i&-
CITY AlTY vw3 REPORT ON CITY INVESTMENTS
CITY MGR.~%
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 September 1, 1986
is as follows:
Aver age
Principal Interest Aver age
Amount Rate Term
CERTIFICATES OF DEPOSIT 30,907,000 7.94% 333
FEDERAL GOV'T NOTES OR BONDS 3,040, 8801 7.77 2 FEDERAL AGENCY NOTES OR BONDS 6,119,722 8.10
856
1619
--- LOCAL AGENCY INVESTMENT FUNDS 14,332,000 8.0
OTHER INVESTMENTS
TOTAL PORTFOLIO
--- 273,817 6
--- 54,673,419 7.95
These investments have been made in accordance with the City's investment
policy adopted January 2, 1985, and revised August 5, 1986.
FISCAL IMPACT:
When held to maturity, the above investments will yield $ 5,947,483
in interest revenue.
EXHIBITS :
Detail listing of investments as of September 1, 1986.
1 Current market value = 3,244,394
2 Current market value = 6,322,616 of which $92,982 represents accrued
interest to September 1, 1986.
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