HomeMy WebLinkAbout1991-08-20; City Council; 11292; REPORT ON CITY INVESTMENTS AS OF JULY 31, 1991,I ,.
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AS OF JULY 31,1991 DEPT. FIN
REPORT ON CITY INVESTMENTS MTG. 8/20/91
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RECOMMENDED ACTION:
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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.
In summary, the City's investment portfolio as of July 31, 1991 is as follows:
Current Month Last Month
Cost of Investments $ 91,744,490 $ 79,248,816
Market Value 92,647,597 80,138,090
Cash Income Year-To-Date 901,618 N/A
Average Yield 7.91% 7.826%
Average Life 1.84 Years 1.69 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 $20,380,059 In interest
income.
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