HomeMy WebLinkAbout1987-05-19; City Council; N/A; Report on City InvestmentsRB#-
MTG. 5/19/87
DEPT. TRS I
TITLE
REPORT ON CITY INVESTMENTS
lcin 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
=@lay 1, 1987 is as follows:
Principal
Amount
CERTIFICATES OF DEPOSIT 27,450,000
FEDERAL GOVT NOTES OR BONDS' 3,244,422
FEDERAL AGENCY NOTES OR BONDS2 12.,080 , 320
CORPORATE NOTES ' 500,000 LOCAL AGENCY INVESTMENT FUNDS 12,O 3 2,O 0 0
COMMERCIAL PAPER 1,989,882
OTHER INVESTMENTS 907 , 744
TOTAL PORTFOLIO 58,204,368
Average
Interest
Rate
7.22
7.78
8.17
7.45
7.26
6.40
5.75
7.40
Average
Term
368
856
2266
1823
29
--
--
--
These investments have been made in accordance with the
City's investment policy adopted January 2, 1985, and
revised $January 27, 1987.
FISCAL IMPACT:
When held to maturity, the above investments will yield
$ ~0,007,520 in interest revenue.
EXHIBITS:
Detail listing of investments as of May 1, 1987.
'Current market value = $3,331,627. 2Current market value = $12,043,848, of which $151,026 represents accrued interest to May 1, 1987.
'Current market value = $500 , 575, of which $7,450 represents
accrued interest to May 1, 1987
kurrent market value $1,993,240.