File #: 17-0325    Version: 1 Name: Inv Report Mar 2017
Type: Agenda Item Status: Staff Report
File created: 5/7/2017 In control: City Council
On agenda: 5/23/2017 Final action:
Title: Presentation of the Investment Report of the City of League City for the quarter ended March 31, 2017 (Assistant City Manager)
Attachments: 1. Data Sheet, 2. City Quarterly Investment Report 03-31-17

Title

Presentation of the Investment Report of the City of League City for the quarter ended March 31, 2017 (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 March 31, 2017, the City's total portfolio of $155,595,140 was managed in compliance with the PFIA and the City's investment policies. 

 

The total portfolio (book value) was invested as follows:

                                                                                                                                                   December 31, 2016                                                               March 31, 2017

                     Cash                                                                                                         $    1,935,765.88                                                               $    1,297,281.21

                     CDs                                                                                                         $    7,127,645.29                                                               $    7,138,888.44

                     Investment Pools                                          $ 125,102,447.22                                                               $  112,933,872.13

                     Securities                                                                                    $   30,021,382.36                                                               $  34,225,098.17

                                          TOTAL                                                               $ 164,187,240.75                                                               $ 155,595,139.95

 

Investments (book value) by fund category were:

                                                                                                                                                   December 31, 2016                                                               March 31, 2017

                     General Fund                                                                                    $  34,377,085.44                                                                                    $   38,562,312.51

                     Debt Service                                                                                    $  11,024,088.89                                                                                    $     7,626,123.19

                     Water /Wastewater                                                               $  14,859,069.17                                                                                    $   7,135,439.66

                     Special Revenues                                                               $    5,123,881.15                                                                                    $     5,273,756.01

                     Capital Projects                                                                                    $  78,569,676.61                                                                                    $   75,838,283.67

                     Internal Services                                                               $    8,722,618.53                                                                                    $     8,760,908.19

                     Component Units                                                               $  11,510,820.96                                                                                    $   12,398,316.72

                                          TOTAL                                                                                    $ 164,187,240.75                                                                                    $ 155,595,139.95

 

 

The Finance Committee reviewed this report on May 15, 2017.  This report is presented for informational purposes.  No Council action is required.

 

Attachment

  1.  Data Sheet

  2.  Investment Report

 

                    

FUNDING

{X } NOT APPLICABLE

{  } Funds are available from Account #___________________________           

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