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HomeMy WebLinkAbout1988-02-16; City Council; N/A; Report on City InvestmentshB# 3ZNFO IITG.2/lfi/88 IEPT. TRS RECOMMENDED ACTION: No action is required. TITLE: REPORT ON CITY INVESTMENTS 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 Februarv , 1, 1988, is as follows: Ave rag e CERTIFICATES OF DEPOSIT Principal Int ere; t Average Amount Rate Term 21,149,000 7.68 340 FEDERAL GOV'T NOTES OR BONDS 3,413,479 7.77 856 FEDERAL AGENCY NOTES OR BONDS 11,445,797 8.18 2,230 4,498,932 8.22 880 CORPORATE NOTES LOCAL AGENCY INVESTMENT FUNDS 12,032,000 8.07 3 - OTHER INVESTMENTS TOTAL PORTFOLIO 290,217 5.43 - $i 52,829,425 7.92 - These investments have been made in accordance with the City's investment policy adopted January 2, 1985, and revised Mav 5, 1987 FISCAL IMPACT: When held to maturity, the above investments will yield $i 9,933,898 in interest revenue. EXHIBITS : 1, 19 88. Detail listing of investments as of February - 'Current market value = $3 515 203. 2Current market value = $11 382,018, of which $242,387 represents accrued 3Current market value = $4,555 397, of which $80,794 represents accrued interest to February 1, 1988. interest to February 1, 1988. c W cl a a W cn a m a a I- 0 I- z u r I- v) W > 2 n m m W LL m c 0 I I I I oooooooooooooooooooooooooooooooooooooooooooeo 000000000000000000000000000000000000000000000 . ........................... ................. 000000000000000000000000000000000000000000000 000000000000000000000000000000000000000000000 000000000000000000000000000000000000000000000 0000000000000m0000000000000000000000000000000 ooooLllooolnoooomoooooooooooomoooooooooooooooooo -.--..-.--.-_....-...-....--~------.-....-..- --otr-~pmr-a-~~ll ~(u-~rmm~~in-~mo~m(ummomm~-~a~ommo .. - -- Y- - - , , I z 0 JZ U a Z 0 -1 a zzz I a 000 0 0 -1-J-l -1 aaa a ,z '-I POP P zzzzz aaaaa 0 z zn a az I I 0 7 0 rn P -D N v 01 ro hl N 1 0 m r- a ru m 0 m c I x OD a P- ? O 0 0 0 0 m P - - N -I I- O I- I 3 UJ a m I i I I ~ I I I i s s x s s x.s ro 0 0 0 - 0 0 coommulam \~rommm~m ....... ...... mr-r-r-r-r-w aaaaaaa LLLLULLLLLLU I- N. I dood TT 0 rD rl 0 c 03 P m 0 m m m - N c - m - rD m 01 x m 0 0 OD m * rD N N N PI N - - -I I- O I- I 3 u) a m Jmo- I Nom0 N N N r m m a r- N u) PI m I- o, 03 m c. * m x m 0, c r o\ m Q N 0 * hl m N m A I- O c P z Lo a a a -- i o(Ua0 .... i I' XKXS oomm 0mnIoIo or00 Pmcom I... I mmoo NP00 cuI00 mvroo mrooo P)rDWO NO0 P-m .... -..- mmmo -- I! i ~W~OOOQ -grm01000 w 1 a a a a a a!a uuoouvv I 0'0 0 0' a m m w U ILI 1; I (1 ., I . -1 ..... .- _I ,"