AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End September 30, 2022 Investment Report, and provide direction to City Manager.
Body
Meeting date: December 14, 2022
Department: Finance, Jon Locke, Finance Director
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: Presented to the Finance and Audit Committee on December 8, 2022.
City Council Strategic Initiative: [Please select from the dropdown menu below]
N/A
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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☐ Environment & Resource Protection - Choose an item.
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☐ Neighborhoods & Housing - 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 Investment Report be submitted to City Council. This investment report covers investment activity and balances as of September 30, 2022.
City funds are invested in various investment types including:
Bank Deposits $ 9,771,899
Money Market Mutual Funds $ 38,304,198
Local Government Pools $ 180,525,900
State and Municipal Securities $ 16,745,000
Federal Agency Securities $ 90,665,000
Total $ 336,011,997
The Investment Report for the quarter ended September 30, 2022 was presented to the Finance and Audit Committee on December 8, 2022.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
City Council receive the Investment Report presentation for the quarter ended September 30, 2022.