AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarterly Investment and Financial Reports, and provide direction to City Manager.
Body
Meeting date: June 19, 2018
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:
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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 2nd quarter of fiscal year 2017-2018 reflecting investment activity and balances as of March 31, 2018
The City's total portfolio summary as of March 31, 2018 reflects a total market value of $211,958,786 made up of funds from:
Pooled Cash $ 60,374,099
Pooled Cash Reserves $ 11,009,827
Enterprise Cash $126,655,669
Enterprise Cash Reserves $ 14,551,443
These funds are invested in various investment types including:
Bank Deposits $ 12,076,530
Money Market Mutual Funds $ 2,753,515
Certificates of Deposit $ 1,966,000
Local Government Pools $ 74,249,993
Municipal Coupon Securities $ 31,372,238
Corporate Commercial Paper $ 1,989,747
Federal Agencies $ 87,5...
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