HomeMy WebLinkAbout1989-05-16; City Council; 10033; Report on City InvestmentsCFN OF CARLSBAD - AGENP" BILL -37 I
DEPT. H
REPORT ON CITY INVESTMENTS
DEPT.
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 May 1, 1989, is as follows:
Certificates of Deposit
Federal Gov't Notes or Bonds'
Federal Agency Notes or Bonds'
Corporate Notes3
Local Agency Investment Funds
Bankers Accept ances4
Commerci a1 paper5
Other Investments
Total Portfol io
Principal Amount
$ 19,647,000.00
3,870,728.64
13,378,763.89
6,606,587.76
12,032,000.00
7,202,295.03
1,438,441.67
Average Interest Rate 9.228
8.737
8.393
9.20
8.94
9.863
9.524
$64,488,716 9.038 -
Average Term- 277
642
1670
1173
N.A
155
153
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 $9,186,955.60 in interest revenue. The average life of the portfolio is 1.86 years.
EXHIBITS :
Detail listing of investments as of May 1, 1989.
1. Current market value = $3,940,077.07.
2. Current market value = $15,689,419.42 of which $487,360.65 represents accrued interest to May 1, 1989.
3. Current market value = $4,367,730 of which $145,116.61 represents accrued interest to May 1, 1989.
4.
5.
Curyent Market Value = $7,154,926.55.
Current Market Value = $1,440,451.08.
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