Title
Investment Portfolio Report for the quarter ending June 30, 2018
Body
Issue/Request:
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Key Issues:
This report is prepared to provide a summary of the status of the investment portfolio by noting transactions over the previous quarter. This report lists maturities as well as new purchases.
As of June 30, 2018, the largest portion of the portfolio was invested in US Treasuries (64%); followed by US Government Agenies (18%) and cash. Cash balances are invested in an overnight repurchase agreement and are collateralized. The repo rate in June was 2.04%. This is based on the previous week's auction of the 91 day Treasury Bill yield, adjusted every Wednesday.
Proposed Committee Motion:
Presentation only
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.
As of June 30, 2018, the market adjustment was an unrealized loss of $1,534,326.04.
Impact/Analysis:
As of June 30, 2018. the average yield on the portfolio was 1.5796%
Timeline:
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Other Information/Unique Characteristics:
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Presenter
Sherri Staub, Cash Management Officer
Committee Recommendation
Committee Recommendation: Presentation only.