AGENDA CAPTION:
Title
Receive a Staff presentation of the Quarter End December 31, 2023 Investment Report, and provide direction to City Manager.
Body
Meeting date: April 16, 2024
Department: Finance
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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Choose an item.
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 December 31, 2023.
City funds are invested in various investment types including:
Local Government Pools and Money Market Accounts $ 197,934,490
Securities 140,600,789
Demand Accounts ___ _264,407
Total $ 338,799,686
Council Committee, Board/Commission Action:
Presented to the Finance and Audit Committee on March 18, 2024.
Alternatives:
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Recommendation:
City Council receive the investment report presentation for the quarter ended December 31, 2023.