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HomeMy WebLinkAbout1988-06-14; City Council; 9484; Report on City InvestmentsP .. z 0 r= 0 a 1 0 z => 0 0 ~~~.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 .. - I- 1 Ill! i 9 0 A z U n Y m a u z > U bl T M c I I , N P n I 0 9 01 2 ... c ro YI RI I ?. 2 rt P 0 0 t- c I i t- t- t- s I I 0 0 4 0 0 0 ln * '0, G j I I I I I ..I 0 I- I 3 Pn 2 m I I I I ~ I 1 I I I (0 a) > 0 z 0 c 3 r & 0 01 a 0 It I I 2 9 In 0 0 0 - i i 3 VI m t m n I i I n 0 Q I- I a I I I ! I I ! i 1 I I I 1 I 1 1 1 I I 1 1 1 1 I I I I I I ! I I I I I I I I I , I I I I I I I., I * I I..: I-'. I . oocco **\DID mn,, In000 CNOO . . ,. . I I I I I I I I I I I I I 1 1 ! I I I I I I 1 I I I I I ! I 0040 I u, I . . , :, .. ,, r I I ,I f P