HomeMy WebLinkAbout1986-11-18; City Council; N/A; Report on City InvestmentsAB#.ZA&L.--
MTG. 11/18/86
DEPT. TRS -
RECOMMENDED ACTION:
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TITLE:
REPORT ON CITY INVESTMENTS
CITY MGR.
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
November 1, 1986 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT 28,450,000
3,040,880 FEDERAL GOV'T NOTES OR BONDS
FEDERAL AGENCY NOTES OR BONDS2 11,185,734
1
LOCAL AGENCY INVESTMENT FUNDS 14,332,000
OTHER INVESTMENTS 373,817
TOTAL PORTFOLIO 57,382,431
These investments have been made in
Average
Interest Average
Rate Term
7.51 34 1
7.77 856
8.25 2,263
- 7.56
- 5.90
7.67 -
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
$ 9,873,767 in interest revenue.
EXHIBITS :
1, 1986. Detail listing of investments as of November
current market value = $3,272,191
current market value = $11,387,798, of which $161,134 represents
accrued interest to November 1, 1986.
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