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HomeMy WebLinkAbout1993-12-07; City Council; 12491; REPORT ON CITY INVESTMENTS AS OF OCTOBER 31, 19938 al)Y OF CARLSBAD - AGE- BILL ' #? ,-~ 6'. ./ , @ I AB#,A?%Y- I TITLE: REPORT ON CITY INVESTMENTS I MT&, 72/7/93 I AS OF OCTOBER 31,1993 I DEPT. TRS I I I CITY MGR.* RECOMMENDED ACTION: Accept and file report ga taJ i5 '2 2 .. z 0 E ii a =! 3 0 0 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 October 31,1993, is as follows: Current Month Last Month Cost of Investments 100,479,587 102,940,199 Market Value 103,623,158 106,353,017 Cash Income FYYear-to-Date 2,487,510 2,053,539 Average Yield 6.1 0% 6.00% Average Life 1.58 years 1.64 years All investments have been made in accordance with the City's investment policy adopted January 2,1985, and last revised January 26,1993. When held to maturity the above investments will yield $18,435,911 in interest income. EXHIBIT: 1. 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Y 3 iJ w m w ? .r co m W LYW t-a 3i co E z 3 T3 LSI d M m (3 7 Q. 0 d N t a' ,X 3 Z -. - W Z ETW LL in5 wa 3 2 - t (i r.1 r j. 4 .. 0 a Reconciliation of Fund Source to Investment Portfolio October 31,1993 Cash Balance by Fund: General Special Revenue Debt Service Capital Projects Enterprise: Carlsbad Municipal Water District Sewer Fund Solid Waste Golf Course Total Internal Service Redevelopment Funds Trust Funds Misc. Special Funds 7,617,000 5,902,000 735,000. 32,456,000 15,269,000 15,382,000 79,000 1,913,000 32,643,000 10,284,000 1,969,000 7,454,000 0 Total General Ledger Balance Deposits in transit Outstanding checks Wire in/(out) not recorded Other Payroll adjustment Total Treasurer's Investment Portfolio 99,060,000 (29,498) 1,330,512 0 1 18,986 0 100,480,000