HomeMy WebLinkAbout2012 05 29 Informational 103 Investment Report
COMMISSION AGENDA
Informational
X
Consent
ITEM103
Public Hearings
Regular
May 29, 2012KSSB
Special MeetingCity ManagerDepartment
REQUEST:
The City Manager and the Finance and Administrative Services Department
providing the Investment Report for the second quarter of fiscal year 2012 (quarter
ending March 31, 2012) as prepared by PFM Asset Management LLC.
SYNOPSIS:
Distribution of the investment report for the second quarter of the 2012 fiscal year
(quarter-ending March 31, 2012).
CONSIDERATIONS:
The General City Account portfolio is of high credit quality and maintains adequate
liquidity. The portfolio is invested entirely in Federal Agency, U.S. Treasury and high
quality commercial paper securities. The securities are allocated among high quality issuers
rated AA+ and A-1+. PFM’s attached report provides additional information regarding the
City’s investment position at March 31, 2012.
FISCAL IMPACT:
The weighted average yield at March 31, 2012 is .40%. The Cities portfolio has duration
of .91years.
COMMUNICATION EFFORTS:
This Agenda Item has been electronically forwarded to the Mayor and City Commission,
City Manager, City Attorney/Staff, and is available on the City’s Website, LaserFiche, and
the City’s Server. Additionally, portions of this Agenda Item are typed verbatim on the
Informational 103 PAGE 1 OF 2 - May 29, 2012
respective Meeting Agenda which has also been electronically forwarded to the individuals
noted above, and which is also available on the City’s Website, LaserFiche, and the City’s
Server; has been sent to applicable City Staff, Media/Press Representatives who have
requested Agendas/Agenda Item information, Homeowner’s Associations/Representatives
on file with the City, and all individuals who have requested such information. This
information has also been posted outside City Hall, posted inside City Hall with additional
copies available for the General Public, and posted at five (5) different locations around the
City. Furthermore, this information is also available to any individual requestors. City Staff
is always willing to discuss this Agenda Item or any Agenda Item with any interested
individuals.
RECOMMENDATION:
Staff requests that the City Commission review and accept the information provided in this
agenda item.
ATTACHMENTS:
Investment Report for quarter-ending March 31, 2012
Informational 103 PAGE 2 OF 2 - May 29, 2012
Percentage of Total Portfolio