Share to Facebook Share to Twitter Bookmark and Share
File #: 2021-4383    Name:
Type: Report Status: Filed
File created: 9/14/2021 In control: Finance and Budget Committee
On agenda: 10/4/2021 Final action: 10/4/2021
Title: Investment Portfolio Report for the quarter ended June 30, 2021
Attachments: 1. Investment Quarterly Report June 2021, 2. Investment Schedule June 2021


Investment Portfolio Report for the quarter ended June 30, 2021






Key Issues:

This report serves as a status report of the Investment Portfolio and notes all purchases and maturities over the previous quarter.


As of June 30, 2021 the largest portion of the portfolio is invested in U.S. Government Agencies (45%), followed closely by US Treasuries (44%). 


Cash balances earn interest and are collateralized to protect City funds.


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




Our primary investment objectives in order of priority are 1) safety, 2) liquidity and 3) yield.


Securities are laddered over a period not to exceed 5 years.  When the yield spread between shorter term and longer term maturities is minimal, staff does not extend to the longer term maturities.  Due to the currently low interest rates, new purchases have been kept to under 3 years.


To protect City funds, the City's depository banking agreement requires each bank to pledge collateral equal to the City's funds on account in excess of FDIC coverage.  We hold a letter of credit from US Bank as collateral and UMB Bank pledges securities which are held at the Federal Reserve Bank.




Bette Wordelman, Finance Director