HomeMy WebLinkAbout1991-10-22; City Council; 11405; REPORT ON CITY INVESTEMENTS AS OF SEPTEMBER 30, 1991I,
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,- CARLSBAD - AGENDWILL &f ,>'
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REPORT ON CITY INVESTMENTS MTG.W.jg1
TITLE:
DEPT. TRS AS OF SEPTEMBER 30, 1991 CITY MGR. %j
RECOMMENDED ACTION:
I
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 September 30, 1991 is as follows:
Current Month Last Month
Cost of Investments 89,895,902 91,900,032
Market Value 91,305,144 93,123,240
Cash Income FY Year-to-Date 1,903,039 1,468,232
Average Yield 7.84% 7.85%
Average Life 1.58 Years 1.97 Years
For the first time the average life of the portfolio is based .upon a dollar-weighted
ba
adopted January 2, 1985, and last revised April 2, 1991. 0-
All investments have been made in accordance with the City's Investment Policy 8
calculation in conformance with the Investment Policy.
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gL 4 HSCAL IMPACT:
When held to maturity the above investments will yield $20,281,194 in interest
Z 0 F 0 a
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EXHIBIT:
1. Investment Report
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