File #: 2017-1243    Name:
Type: Report Status: Agenda Ready
File created: 5/24/2017 In control: Finance and Budget Committee
On agenda: 6/5/2017 Final action:
Title: Third Quarter Investment Report
Sponsors: Finance
Attachments: 1. Investment quarterly report March 2017.pdf, 2. Investment quarterly report December 2016.pdf, 3. Investment Portfolio March 2017.pdf

Title

Third Quarter Investment Report

 

Body

Issue/Request:

Investment Portfolio Report for the quarter ending March 31, 2017

 

Key Issues:

The investment report is prepared to provide a summary of the current investment portfolio by noting the transactions over the last quarter.  The report lists new purchases and maturities occuring during the reporting period.

 

At March 31, 2017 the largest portion of the portfolio is invested in US Treasuries (80%), followed by cash (10%), certificates of deposit (6%) and municipal obligations (2%).  All cash is invested in an overnight repurchase agreement and is collateralized.

 

Proposed Committee Motion:

 

 

Background:

A "Mark to Market" adjustment is required at each quarter end to recognize the value of the portfolio in the event that securities would need to be liquidated.  Fair values are determined by our custodial bank.  At March 31, 2017 the mark to market adjustment across all funds was a unrealized loss of $257,509.68.

 

Impact/Analysis:

At March 31, 2017 the average yield on the portfolio was 1.1058%.

 

Timeline:

Start: ___

Finish: ___

 

Other Information/Unique Characteristics:

[Enter text here]

 

Presenter

Presenter: Sherri Staub, Cash Management Officer

 

 

 

Committee Recommendation

Committee Recommendation: [Enter Committee Recommendation text Here]