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HomeMy WebLinkAbout1995-11-14; City Council; 13392; REPORT ON CITY INVESTMENTS AS OF SEPTEMBER 30, 1995REPORT ON CITY INVESTMENTS AS OF SEPTEMBER 30,1995 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 a 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, 1995 is as follows: Investment Portfolio Current Month Last Month Book Value of Investments” 130,968,962 126,606,962 Cost of Investments 129,277,516 126,518,121 Market Value 130,198,315 127,578,122 * Book value is cost adjusted for amortized premium and discount. interest Income Current Prior Current Month Month FYTD Month FMD Income I Cash Income Fiscal Year- to- Date 2,357,955 1,552,245 805,710 6 u 5 2 E CL z 0 0 F a 6 z 3 0 0 Total Income If Investments Held to Maturity 21 ,I 19,927 21,360,116 investment Performance July August September Avg Life (Years) Average Yield 1.42 6.1 3% 1.40 5.96% 1.38 6.08% All investments have been made in accordance with the City’s investment policy adopted January 2,1985 and last revised February 7,1995. Exhibits: 1. Investment Portfolio Breakdown By Cost, Market Value, Cash Income, and Average Yield 2. Investment Portfolio Breakdown of Maturities 3. Investment Report 4. 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Special Funds 12,430,000 7,554,000 1,376,000 44,590,000 20,012,000 21,334,000 102,000 1,315,000 42,763,000 10,196,000 4,233,000 6,140,000 0 Total General Ledger Balance 129,282,000 Amortization of discounts and premiums (1,691,000) Deposits in transit Outstanding checks Wire in/(out) not recorded Net adjustments per bank statement 1,687,000 Total adjustments (4,000) Other Total Treasurer’s Investment Portfolio 129,278,000 0 0 Reconciliation of Fund Source to Investment Portfolio August 31,1995 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 13,990,000 7,322,000 2,020,000 43 J66,OOO 19,l 78,000 19,927,000 109,000 1,306,000 40,520,000 9,719,000 3,867,000 6,224,000 0 Total General Ledger.Balance 127,428,000 Amortization of discounts and premiums Deposits in transit Outstanding checks Wire in/(out) not recorded Other Net adjustments per bank statement 0 91 7,000 Total adjustments 917,000 Total Treasurer’s Investment Portfolio 128,345,000 7 e @ Reconciliation of Fund Source to Investment Portfolio July 31, 1995 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 1 4,163,000 7,525,000 2,001,000 43,304,000 18,812,000 20 ,oo 1,000 101,000 1,314,000 40,228,000 9,789,000 4,497,000 5,672,000 0 Total General Ledger Balance 127,179,000 Amortization of discounts and premiums 0 Deposits in transit Outstanding checks Wire in/(out) not recorded Other Net adjustments per bank statement 1,526,000 Total adjustments 1,526,000 Total Treasurer’s Investment Porffolio 1 28,705,000 cd