AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End March 31, 2022 Investment Report, and provide direction to City Manager.
Body
Meeting date: June 7, 2022
Department: Finance-Anna Miranda, Interim Finance Director
Amount & Source of Funding
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Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
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Fiscal Note:
Prior Council Action: Received by the Finance and Audit Committee on May 19, 2022
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The Texas Public Fund Investment Act (PFIA) requires the City's Quarterly Investment Report be received by City Council. The reports cover the second quarter of fiscal year 2021-2022 reflecting investment activity and balances as of March 31, 2022.
These funds are invested in various investment types including:
Bank Deposits $ 40,642,554
Money Market Mutual Funds $ 80,324,603
Local Government Pools $ 163,957,936
Municipal Coupon Securities $ 22,581,347
Federal Agencies $ 34,255,406
Total $ 341,761,846
The Investment Report for the quarter ending March 31, 2022 was reviewed by the Finance and Audit Committee on May 19, 2022.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
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