HomeMy WebLinkAbout1994-04-26; City Council; 12674; REPORT ON CITY INVESTMENTS AS OF MARCH 31, 1994Q uI i3 !3 %
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RECOMMENDED ACTION:
Accept and file report
ITEM EXPLANATION:
State law requires the City Treasurer to report to the Ciy 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 March 31,1994 is as follows:
Current Month Last Month
Cost of Investments 1 10,488,719 108,774,741
Market Value 1 1 1,797,Oi 8 1 1 1,154,204
Cash Income N Year-to-Date 4,727,335 4,07541 4
Average Yield 6.05% 5.94%
Average Life 1.64 years 1.55 years
All investments have been made in accordance with the City’s investment pcolicy adopted
January 2,1985, last revised January 26,1993, and last reviewed January 25,1994.
When held to maturity the above investments will yield $21,041,795.16 in interest income.
EXHIBIT:
1. Investment Reports (4)
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Reconciliation of Fund Source to Investment Portfolio
March 31, 1994
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
15,965,000
16,711,000
53,000
1,946,000
10,529,000
6,597,000
814,000
35,848,000
34,675,000
10,429,000
3,391,000
6,938,000
0
Total General Ledger Balance
Deposits in transit
Outstanding checks
Wire in/(out) not recorded
Other
Payroll adjustment
Total Treasurer’s Investment Portfolio
109,221,000
(51,376)
1,376,954
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(57,578)
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