File #: 17-0082    Version: 1 Name: Inv Report June 2016
Type: Agenda Item Status: Staff Report
File created: 1/30/2017 In control: City Council
On agenda: 2/14/2017 Final action:
Title: Presentation of the Investment Report of the City of League City for the quarter ended September 30, 2016 (Assistant City Manager)
Attachments: 1. Data Sheet, 2. Investment Report

Title

Presentation of the Investment Report of the City of League City for the quarter ended September 30, 2016 (Assistant City Manager)

 

Background:

The Public Funds Investment Act (PFIA), Texas Government Code, Chapter 2256 states that no less than quarterly, the investment officer(s) shall prepare and submit to the governing body a written report of investment transactions for all funds covered by the Act for the preceding reporting period.  Presentation of this report fulfills that requirement.

 

This report reflects that on September 30, 2016, the City's total portfolio of $141,365,327 was managed in compliance with the PFIA and the City's investment polices. 

 

The total portfolio (book value) at fiscal year end was invested as follows:

                     Cash                                                               $  4,054,102

                     CDs                                                               $  7,116,344

                     Investment Pools$ 99,053,228

                     Securities                                          $ 31,141,653

                     Total                                                               $141,365,327

 

Investments (book value) by fund category were:

                     General Fund                                          $25,162,629

                     Debt Service                                          $  4,724,326

                     Water / Wastewater                     $10,895,667

                     Special Revenues                     $  8,608,723

                     Capital Projects                                          $72,123,523

                     Internal Service Funds$  8,557,167

                     Component Units                     $ 11,293,292

                     Total                                                                                    $141,365,327

 

Investment earnings for the period was $191,956.  The report includes detailed information on the investment holdings and investment transactions for the quarter.  

The Finance Committee reviewed this report on February 6, 2017.  This report is presented for informational purposes.  No Council action is required.

 

Attachments

   1.  Data Sheet

   2.  Investment Report

                                     

FUNDING

{ X} NOT APPLICABLE

{  } Funds are available from Account #___________________________                                          

{  } Requires Budget Amendment to transfer from Account #____________to Account # ___________________