HomeMy WebLinkAbout1996-03-05; City Council; 13530; REPORT ON CITY INVESTMENTS AS OF JANUARY 31, 1996E 4
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AB# /3,s30
CITY n DEPT. TRS
CITY E AS OF JANUARY 31, 1996 MTG. 03/05/96
DEPT. TITLE:
REPORT ON CITY INVESTMENTS
RECOMMENDED ACTION:
AB# /3,s30
CITY n DEPT. TRS
CITY E AS OF JANUARY 31, 1996 MTG. 03/05/96
DEPT. TITLE:
REPORT ON CITY INVESTMENTS
RECOMMENDED ACTION: 1 Accept and file report I ITEM EXPLANATION:
The City’s Investment Policy requires the City Treasurer to report to the City Cou
on a monthly basis the status of the City’s investment portfolio. This repol
presented to Council each month on the investments held. ,>
In summary, the City’s investment portfolio as of January 31, 1996 is as follow
,I
Investment Portfolio (Cash and Securities)
I II Current Month Prior Month
I .I1 Par Value I 144,633,712 I 141,544,7 I 11 Cost of Investments I 142,817,492 I ~____
139,457,6
I II I I 11 Book Value of Investments (1) I 144,640,429 1 141,323,5
~ _____~
I II I I 11 Market Value (2) 145,054,688 I 141,422,3
(1) Book Value is cost adjusted for amortized premiums and discounts.
(2) Source for market values is First Interstate Bank’s custodial report as of 1/31
- I Interest Income
Current
Current Prior ,Month
Month FYTD Month FMD Income
Cash Income Fiscal 928,5C 3,394,486 4,322,970 Year-to-Date
Total Income Over The Life 23,838,905 24,755,356 Of The Investments if
Held to Maturity
Page 2 of Agenda BI (D No. /J, 53 0 0
Investment Performance I! /I Average Life
(Years) Average Yield
November 1995 6.0: I .45
. 5.9< I .50 December 1995
~~~ 11 January 1996 I 1.58 I 5.8:
All investments have been made in accordance with the City’s Investment PC
adopted January 2, 1985 and last revised February 13, 1996. All investments v\
initially made in accordance with the City’s Investment Policy. Events subseql
to the purchase might have resulted in some investments not being in complia
with the current policy. These events are typically a change in the City’s lnvestrr
Policy or a change in the credit rating subsequent to a purchase. See Exhibit 5
details.
Investment portfolio has the ability to meet the City’s cash flow demands for the r
six (6) months.
EXHIBITS:
1. Investment Portfolio Breakdown By Cost, Market Value, Cash Income, a
Average Yield
2. Investment Portfolio Breakdown Of Maturities
3. Investment Report
.4. Reconciliation of Fund Source to Investment Portfolio
5. Corporate Note Ratings
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Exhibit 4
Reconciliation of Fund Source to Investment Porffolio
January 31 , 1996
Cash Balance by Fund:
General
Special Revenue
Debt Service
Gapital Projects
Enterprise:
Carlsbad Municipal Water District
Sewer Fund
Solid Waste
Golf Course
Total
Internal Service
Redevelopment Funds
Trust Funds
Misc. Special Funds
16,430,984
8,896,528
1,740,755
51,053,526
20,325,658
22,781,499
96,583
1,090,967
44,294,707
10,339,268
4,860,959
6,576,009
0
Total General Ledger Balance 144,192,736
Amortization of discounts and premiums (1,865,889)
Deposits in transit
Outstanding checks
Wire in/(out) not recorded
Other
Net adjustments per bank statement 490,645
Total adjustments (1,375,244)
Total Treasurer’s Investment Portfolio 142,817,492
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