HomeMy WebLinkAbout1986-12-16; City Council; N/A; Report on City Investments4B# StJfO
DEPT. TRS
MTG. 12/16/86
RECOMMENDED ACTION:
TITLE:
REPORT ON CITY INVESTMENTS
CITY MOR.>
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
December 1, 1986 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT 28,550,000
FEDERAL GOV’T NOTES OR BONDS 3 , 040 , 880 1
FEDERAL AGENCY NOTES OR BONDS’ 11,185,734
LOCAL AGENCY INVESTMENT FUNDS 12,032,000
OTHER INVESTMENTS 1 , 104 , 243
TOTAL PORTFOLIO 55.912.857
These investments have been made in
Average
Interest Average
Rate Term
7.33 343
7.77 856
8.25 2,263
7.51 -
5.75 -
7.55 -
accordance with the
City’s investment policy adopted January 2, 1985, and
revised August 51 1986.
FISCAL IMPACT:
When held to maturity, the above investments will yield
$ 9,715,553 in interest revenue.
EXHIBITS:
Detail listing of investments as of December 1, 1986.
‘Current market value = $3,281,732.
’Current market value = $11,427,505, of which $177,355 represents
accrued interest to December 1, 1986.
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