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HomeMy WebLinkAbout1991-02-19; City Council; 11033; REPORT ON CITY INVESTMENTS AS OF FEBRUARY 1, 19910 e A Y AB# /4@$-3 CITY MOSS AS OF FEBRUARY 1,1991 DEPT. TRS REPORT ON CITY INVESTMENTS MTG. 2/19/91 TITLE: 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 February 1, 1991, is as follows: Average Principal Interest Average Amount Rate Term Certificates of Deposit $ 19,500,000 8.405% 330 Federal G,oV't .. Notes or Bonds' 6,932,671 7.564 607 Federal Agency Notes or Bonds2 22,154,902 8.317 1800 Corporate Notes3 11,519,213 8.536 1127 Locad Agency Investment Funds 10,000,000 8.194 Bankers Acceptances4 5,831,609 7.776 135 Comunercial Papel5 -0- - - Other Investments 598,473 8.108 - Total Portfolio $76,536,868 8.234% 800 d > w 3 .",4 .- 2 - Q :L 1 Current market value = $ 7,211,423 2 Current market value = $22,443,408 3 Current market value = $1 1,636,080 4 Current Market Value = $ 5,908,890 5 Current Market Value = $ -0- Interest is current on all applicable securities. .. z 0 These investments have been made in accordance with the Citfs investment policy 5 adopted January 2, 1985, and last revised November 7, 1989. a 2 FISCAL IMPACT: 0 z 5 revenue. 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