AGENDA CAPTION:
Title
Receive a Staff presentation of the 2nd Quarter Investment and Financial Reports, and provide direction to City Manager.
Body
Meeting date: June 4, 2019
Department: Finance Department-Heather Hurlbert, Finance Director
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Fiscal Note:
Prior Council Action: Financial and Investment reports were presented to the Finance and Audit Committee on May 31, 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]
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? 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 2018-2019 reflecting investment activity and balances as of March 31, 2019.
The City's total portfolio summary as of March 31, 2019 reflects a total market value of $269,500,186 made up of funds from:
Pooled Cash $ 90,213,162
Pooled Cash Reserves $ 13,572,119
Enterprise Cash $148,075,794
Enterprise Cash Reserves $ 17,723,094
These funds are invested in various investment types including:
Bank Deposits $ 27,893,263
Money Market Mutual Funds $ 9,579,208
Local Government Pools $129,311,698
Municipal Coupon Securities $ 25,109,723
Corporate Commercial ...
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