File #: 2017-1470    Name:
Type: Presentation Status: Agenda Ready
File created: 8/28/2017 In control: Finance and Budget Committee
On agenda: 9/18/2017 Final action:
Title: Investment Portfolio Report for the quarter ending June 30, 2017
Attachments: 1. Investment Report June 2017, 2. Investment Portfolio June 2017.pdf

Title

Investment Portfolio Report for the quarter ending June 30, 2017

 

Body

Issue/Request:

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Key Issues:

This investment report is prepared to provide a summary of the status of the current investment portfolio by noting the transactions over the previous quarter.  The report lists new purchases as well as maturities.

 

At June 30, 2017 the largest portion of the portfolio was invested in US Treasuries (84%); followed by cash (7%), certificates of deposit (5%) and municipal obligations (2%).  Cash balances are invested in an overnight repurchase agreement and are collateralized.

 

 

Proposed Committee Motion:

 

 

Background:

A "Mark to Market" adjustment is required at each quarter end to recognize any change in value of the portfolio in the event that securities would need to be liquidated.  Fair values are provided by our custodial bank.

 

At June 30, 2017 the market adjustment across all funds was an unrealized loss of $247,724.74.

 

Impact/Analysis:

At June 30, 2017 the average yield on the portfolio was 1.147%.

 

Timeline:

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Finish: ___

 

Other Information/Unique Characteristics:

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Presenter

Presenter: Sherri Staub

 

 

 

Committee Recommendation

Committee Recommendation: Presentation Only.