Title
Presentation of the Investment Report of the City of League City for the quarter ended June 30, 2022 (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 for the period ending on June 30, 2022, the City’s total portfolio of $241,578,144 was managed in compliance with the PFIA and the City’s investment policies. Of the total, $138.14 million are CIP Bond funds, of which 96% is committed as of June 30, 2022.
This report is presented for informational purposes. No Council Action is required.
Attachments:
1. Data Sheet
2. Quarterly Investment Report 06-30-2022
FUNDING
{X} NOT APPLICABLE
STRATEGIC PLANNING
{X} NOT APPLICABLE