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HomeMy WebLinkAbout1989-04-25; City Council; 9998; Report on City Investmentsu !-I 0 a 0) &I a - 0) u a 0) LJ CI- OF CARLSBAD - AGENP REPORT ON CITY INVESTMENTS 4 BILL 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 April 1, 1989, is as follows: Aver age Principal Interest Average Certificates of Deposit Term $15,447 , 000 8.785 277 Amount Rate Federal Gov’t Notes or Bonds’ 2,879,166 8.543 680 Federal Agency Notes or Bonds’ 12,513,122 8.304 1910 Corporate Notes3 6,116,302 8.805 1119 Local Agency Investment Funds 12,032,000 8.776 N.A Bankers Acceptances4 10,110,003 9.659 147 Commerci a1 paper’ 1 , 438,442 9.524 153 Other Investments Total Portfol io 312,899 7.60 N.A. $60,848,934 8.823 - These investments have been made in accordance with the City’s investment policy adopted January 2, 1985, and revised March 28, 1989. FISCAL IMPACT: When held to maturity, the above investments will yield $11,016,509 in interest revenue. The average life of the portfolio is 1.96 years. EXHIBITS : Detail listing of investments as of April 1, 1989. 1. Current market value = $2,879,166. 2. Current market value = $12,958,769 of which $366,462 represents accrued interest to April 1, 1989. 3. Current market value = $4,867,105 of which $130,513 represents accrued interest to April 1, 1989. 4. 5. Current Market Value = $10,142,464. Current Market Value = $1,440,451. . s \ q a Q q 4 9 -I n \ n 3 3 u x x Ifi F I II Z X 3 J .. __A .. .I. . .I. .. IDNU~*+N~ .*si a*.I+x~ t\\ rn.j,~v t'IN 0n-4xv XN 6.3 ......... F .I. . .I .. .. .I. . 2 X 3 J zz xx 33 JJ --;.-I - - aaaaa ..... 44 I- .. I i k:2 I* 3 ! * I ai XI1 3- rx x=I E I