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Item 11 - City's Investment ReportGENDA REPORT " t�� OF CITY OF POWA.Y � This report is included on the Consent -Calendar.. There will be no separate discussion of the report prior to approval by the City Council unless members of the Council, staff or public �ci�, !PS:-' E G4J,,t request it to be removed from the Consent Calendar and discussed separately. If you wish to have this report pulled for discussion, please fill out a slip indicating the report number and give it to the City Clerk prior to the: beginning of the City Council meeting: TO Honorable Mayor and Members of e City Council FROM: James L. Bowersox, City INITIATED BY: Kay, Jimno, Director of Administrative Services,,,-, Marjorie K. Wahlsten, City Treasurer F DATE: January 28, 1986 SUBJECT: Citv`s Investment Report Monthly reports of investments are required to be presented to Council as part of new state legislation. For your information, attached is an; investment port. folio listing as of December 31, 1985. State Assembly Bill 1073: requires the treasurer or chief fiscal officers to make: a monthly report that includes the type of investment, institution, date of maturity, amount of deposit, current market value of all maturities that exceed 12 months, and interest rate. FINDII3CS' The book value of the investment portfolio as of December 31, 1985 was $20;r4881774. This portfolio consisted of Time Certificates of Deposits (TCDs ) which. totaled.$ Gj000,000, Government National Mortgage Association Certificates CGNMAs), which were 'booked at $488,774 and $10,00.0,.000 on deposit at the Local Agency Investment Fund (LAIF) The TCns are at 45 different financial institutions throughout the state. The certificates are placed in $100,000 increments with the amounts in excess of the first $100,000 collateralized as outlined by state law using either mortgages w federal government securities. ACTION: JAN 2 8 1986 ITEM 1 Agenda Report. City's Investment Report January 28, 1986 Page 2 The GNMAs consist of three separate issues of which one matures in 2013, one in 2005 and one in 2015. The interest rates vary from 9% to 11% and were all purchased at a discount. A. detailed listing of these issues is. attached. The funds on deposit at Learn a variable interest rate. The interest rate for the month ending December 31, 1985 was 9.43% Attached is a report which provides: additional information regarding the port- folio. RECCMMENDATIO1 It recaiitierxded that the City Council accept and filethe attached report JLB:KDJ:MKW:ml. Attachments: Investments in Excess of 12 Months Investment Report 2 o 11 JAN 2 8 1986 ITEM 11 CO U" sn N �Q)wj s Cp _ .e."...• L.l.,. .w •r rya w�viA S - �sTi r�ritYir{a`Zw .RZ' .r ,r,•ra a�-Wii •ice .CCI n ►.r .n ,r Mi`ti• xr=trr;�. fa epi r) lit CD JYe1 5 7F , C f1 0 C0: � frS.W . +sem.. �l. ii tea. •n : u7,a: 't'� sy.>_ N .>` N tn _ i+tSrawr y. r:•r�. .x,-r+r� P c </} VY " •ii��� *'t r.;1 c, r f'..Y tw.- t- r.�r } It rn 10 !P /v � �L�x�; r.•%i iii- i �,' '" ` ��' - x Cn �r r 'try Qz � Wcol lw tn co 'a7 rf rl C' � � "'-ui�" y �' f� r' 7 � •+ ,,,�_y� J ,� • t Nco - - _f ty�.Yy ,�, . t w...r.•'']c.` ' a.+F�,..,.w 1�rw4 rj u ZZ XM W , O �' � 0 r3c.,i�+�a^✓.�'w;�r '�j:-�.yrr°�'S ✓'.'"''kt'`��'y'' -"�. �'' C) �' O lD N �r`� iirrs i4 cf r{rr Ftz,&40 ~ -' y 4-4 H 4 a% 0 Cil CT �T. u.y ; Irrf . - r �''' ti ►. + '+. ° I': vv N rl <T -4 Q, l ' r1 O N 'O N _ T �. y M r :a•w-�' a. kr• Q U F �, tn CVi[ NIC. n Ln O _ OLn - N. C4 N .a.jt`y.,rr✓ r i �� `r nr��v1�+",, Tr Te. 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