HomeMy WebLinkAbout1996-02-06; City Council; 13499; REPORT ON CITY INVESTMENTS AS OF DECEMBER 31, 1995a w > ,a a2 am & 4
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TITLE:
DEPT.
RECOMMENDED ACTION:
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2/6/96 REPORT ON CITY INVESTMENTS
TRS AS OF DECEMBER 31, 1995
Accept and file report
ITEM EXPLANATION:
The City’s Investment Policy 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 December 31, 1995 is as follows:
Investment Portfolio (Cash and Securities) Current Month Last Month
Par Value 141,544,727 135,009,194
Cost of Investments 139,457,698 132,783,475
Book Value of Investments (1) 141,323,587 134,585,084
Market Value (2) 141,422,393 134,374,363
(1) Bookvalue is cost adjusted for amortized premiun and discount.
(2) Source for market values is First Interstate Bank’s custodial report as of 12/31/95.
interest income
Current Prior Current Month
Month FYTD Month FYTD Income
Cash Income Fiscal Year-to-Date 3,394,468 3,033,846 360,622
Total Income Over The Life Gf The 23,838,905 22,541,389
Investments If Held to Maturity
Investment Performance
Avg Life (Years) Average Yield
October 1.38 6.06%
November 1.45 6.03%
December 1.50 5.99%
All investments have been made in accordance with the City’s investment policy adopted
January 2, 1985 and last revised February 7, 1995. All investments were initially made in
accordance with the City’s investment policy. Events subsequent to the purchase might have
resulted in some investments not being in compliance with the current policy. These events are
purchase. See Exhibit 5 for detail.
Investment portfolio has the ability to meetthe City’s cash flow demandsfor the next six (6) monthE
Exhibits:
1. Investment Portfolio Breakdown By Cost, Marketvalue, Cash Income, and Average Yield
2. Investment Portfolio Breakdown of Maturities
3. Investment Report
typically a change in the City’s investment policy or a change in the credit rating subsequent to a
4. Corporate Note Ratings
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