HomeMy WebLinkAbout1990-12-18; City Council; 10946; REPORT ON CITY INVESTMENTS AS OF DECEMBER 1, 1990r #* F CARLSBAD - AGENDQBILL w a4
AB# /q ?gb TITLE:
MTG.12/18/90 REPORT ON CITY INVESTMENTS
DEPT. TRS AS OF DECEMBER 1,1990
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RECOMMENDED ACTION:
Accept and file report.
ITEM EXPLANATION:
State law requires the City Treasurer to 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 December 1, 1990, is as follows:
Average
Principal Interest Average
Amount Rate Term
Certificates of Deposit $ 19,500,000.00 8.453% 330
Federal Gov't Notes or Bonds' 3,966,523.90 8.357 641
Federal Agency Notes or Bonds2 21,163,997.47 8.440 1897
Corporate Notes3 13,292,454.81 8.572 997
Local Agency investment Funds 10,000,000.00 8.309 -
Bankers Acceptances4
Commercial Papel"
2,893,605.84 8.152 162
-0- -
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5
4
Other Investments
Total Portfolio
590,122.55 7.00 - -
$71,406,704.57 8.422% 805
1 Current market value = $ 4,326,670
2 Current market value = $21,341,658
3 Current market value = $13,396,560
4 Current Market Value = $ 2,981,978
5 Current Market Value = $ -0-
I Interest is current on all applicable securities.
2 0 F= These investments have been made in accordance with the City's investment policy
4 adopted January 2, 1985, and last revised November 7, 1989. o
1 0 FISCAL IMPACT: 2 3 0 When held to maturity, the above investments will yield $15,686,926 in interest o revenue. The average life of the portfolio is 2.20 years from date of purchase, 1.38 years
from current date.
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