AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End June 30, 2022 Investment Report, and provide direction to City Manager.
Body
Meeting date: September 6, 2022
Department: Finance - Jon Locke, Finance Director
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Received by the Finance and Audit Committee on August 18, 2022.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Choose an item.
Choose an item.
Choose an item.
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)]
Choose an item.
Background Information:
The Texas Public Fund Investment Act (PFIA) requires the City's Quarterly Investment Report be received by City Council. These reports cover the third quarter of fiscal year 2021-2022 reflecting investment activity and balances as of June 30, 2022.
These funds are invested in various investment types including:
Bank Deposits $ 17,220,372
Money Market Mutual Funds $ 45,202,984
Local Government Pools $ 164,272,234
Municipal Coupon Securities $ 22,430,241
Federal Agencies $ 89,031,919
Total $ 338,157,750
The Investment Report for the quarter ended June 30, 2022 was reviewed by the Finance and Audit Committee on August 18, 2022.
Council Committee, Board/Commission Action:
Click or tap here to enter text.
Alternatives:
Click or tap here to enter text.
Recommendation:
Click or tap here to enter text.