Title
Presentation of the Investment Report of the City of League City for the quarter ended June 30, 2020 (Director of Finance)
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 June 30, 2020, the City’s total portfolio of $182,785,570 was managed in compliance with the PFIA and the City’s investment policies. The Finance Committee approved this report on November 16, 2020.
This report is presented for informational purposes. No Council Action is required.
Attachments:
1. Data Sheet
2. Quarterly Investment Report June 30, 2020
3. CIP Committed Funds Report - June 2020
FUNDING
{x} NOT APPLICABLE
{ } Funds are available from Account #___________________________
{ } Requires Budget Amendment to transfer from Account #____________to Account # ___________________
STRATEGIC PLANNING
{x} NOT APPLICABLE