AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End September 30, 2021 Investment Report, and provide direction to City Manager.
Body
Meeting date: December 15, 2021
Department: Finance-Marie Kalka, Finance Director
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: Received by the Finance and Audit Committee on December 2, 2021
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.
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☐ 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 4th quarter of fiscal year 2020-2021 reflecting investment activity and balances as of September 30, 2021.
These funds are invested in various investment types including:
Bank Deposits $ 16,469,005
Money Market Mutual Funds $ 91,816,355
Local Government Pools $ 163,853,548
Municipal Coupon Securities $ ----------
Federal Agencies $ 28,170,122
Total $ 300,309,030
The Investment Report for quarter 4 ended September 30, 2021 was reviewed by the Finance and Audit Committee on December 2, 2021.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
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