HomeMy WebLinkAbout1988-06-14; City Council; 9484; Report on City InvestmentsP
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~~~.6/14/88
IEPT. TRS
TITLE:
REPORT ON CITY INVESTMENTS
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.
is as follows:
CERTIFICATES OF DEPOSIT
FEDERAL GOV'T NOTES OR BONDS
FEDERAL AGENCY NOTES OR BONDS
CORPORATE NOTES
LOCAL AGENCY INVESTMENT FUNDS
Bankers Acceptances
1
2
3
4
In summary, the City's investment portfolio as of June
Average
Principal Interest
Amount Rate
23,850,000 7.77
3,938,335 8.01
13,419,616 8.16
6,907,600 8.20
11,582,000 7.85
965,056 7.78
OTHER INVESTMENTS
TOTAL PORTFOLIO
288 , 397 5.20
$ 60,951,004 7.92
1, 1988,
Average
Term
342
973
2,010
1 , 128
-
170
-
investment These investments have been maL2 in accordance with the City's
policy adopted January 2, 1985, and revised play 5, 1987
FISCAL IMPACT:
When held to maturity, the above investments will yield $ 11,714,523
in interest revenue.
EXHIBITS :
Detail listing of investments as of June 1, 19 88.
'Current market value=$3,985 , 115.
2Current market value=$13,169,324, of which $220,118 represents accruid
3Current market value=$6,964,253 , of which $135 , 615
4Current market value=$966 , 250.
interest to June 1, 1988.
represents accrued
interest to June 1, 1988.
JW 8.3 1988 v
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