AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarterly Investment and Financial Reports, and provide direction to City Manager.
Body
Meeting date: April 2, 2019
Department: Finance-Heather Hurlbert, Finance Director
Amount & Source of Funding
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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 March 28, 2019
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 requires the City's Quarterly Investment Report be received by City Council. The reports cover the 4rd quarter of fiscal year 2017-2018 and 1st quarter of fiscal year 2018-2019 reflecting investment activity and balances as of September 30, 2018 and December 31, 2018 respectively.
The City's total portfolio summary as of December 31, 2018 reflects a total market value of $250,299,949 made up of funds from:
Pooled Cash $ 72,189,870
Pooled Cash Reserves $ 13,443,609
Enterprise Cash $147,140,194
Enterprise Cash Reserves $ 17,526,276
These funds are invested in various investment types including:
Bank Deposits $ 41,557,023
Money Market Mutual Funds $ 5,948,953
Local Government Pools $ 81,686,390
Municipal Coupon Securit...
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