Title
Investment Portfolio Report for the quarter ending September 30, 2017
Body
Issue/Request:
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Key Issues:
This report is prepared to provide a summary of the status of the investment portfolio noting the transactions over the previous quarter. This report lists new purchases as well as maturities.
At September 30 the largest portion of the portfolio was invested in US Treasuries (77%); followed by cash (5%), certificates of deposits (4%) and muncipal obligations (1%). Cash balances are invested in an overnight repurchase agreement and are collateralized.
Proposed City Council Motion:
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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 determined by our custodial bank.
At September 30 the market adjustment across all funds was an unrealized loss of $315,590.18.
Impact/Analysis:
At September 30, 2017 the average yield on the portfolio was 1.172%.
Timeline:
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Finish: ___
Other Information/Unique Characteristics:
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Presenter
Presenter: Sherri Staub
Cash Management Officer
Recommendation
Recommendation: [Enter Recommendation Here]
Committee Recommendation
Committee Recommendation: [Enter Committee Recommendation text Here]