AGENDA CAPTION:
Title
Receive a Staff presentation of the quarter ended March 31, 2023 Investment Report, and provide direction to the City Manager.
Body
Meeting date: May 16, 2023
Department: Finance
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: N/A
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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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.
☒ Core Services
☐ 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 Investment Act (PFIA) requires the City’s investment report to be submitted to City Council. The investment report covers investment activity and balances as of March 31, 2023.
City funds are invested in various investment types including:
Local Government Pools and Money Market Accounts $158,377,012
Securities 192,710,000
Demand Accounts 15,834,732
Total $366,921,744
Council Committee, Board/Commission Action:
Presented to the Finance and Audit Committee on May 11, 2023.
Alternatives:
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Recommendation:
City Council receive the investment report presentation for the quarter ended March 31, 2023.