HomeMy WebLinkAbout1991-06-25; City Council; 11212; REPORT ON CITY INVESTMENTS AS OF MAY 31, 1991';? -i /rr/ 1 CIQ OF CARLSBAD - AGENm BILL a,
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REPORT ON CITY INVESTMENTS MTG. 6/25/91
TITLE:
DEPT. TRS AS OF MAY 31, 1991
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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 on investments held. Commencing with this month, reports
will be dated as of the last day of the month. Financial statements are
traditionally dated on the last day of the reporting period.
In summary, the City's investment portfolio as of May 31, 1991 is as follows:
Current Month Last Month
Cost of Investments $ 81,160,083 $ 80,352,294
Market Value 82,188,039 81,632,737
Cash Income Year-to-Date 5,693,753 5,576,958
Average Yield 7.88% 7.95%
Average Life 1.62 Years 1.46 Years
All investments have been made in accordance with the City's Investment Policy
adopted January 2, 1985, and last revised April 2, 1991.
FISCAL IMPACT:
When held to maturity the above investments will yield $17,419,104 in interest
revenue.
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