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T H E OOTY ae t \i E L CERRITO AGENDA BILL Agenda Item No. 5(E) Date: December 16, 2014 To: El Cerrito City Council From: Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report for Period Ending September 30, 2014 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending September 30, 2014. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for July 2014-September 2014 shows that the City's investments had a par value of $1,548,683 as of September 30, 2014. The decrease of $135,255 from last quarter is due to the use of $140,278 of Solar Project proceeds and the use of $10 of Swim Center Debt interest earnings towards a debt service payment offset by $5,033 in interest earnings. During the quarter, a debt service payment was made in the amount of $344,896 for the Swim Center Bond Debt and $1 ,340,000 of Federal National Mortgage Association (FNMA) investments were called early and converted to money market investments. The City continues to have minimal investments that are not required for debt service reserves and to have limited, if any, interest earnings on restricted funds. Of the total amount invested, $2,704 is invested in the pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF) and $1 ,545,979 is held in money market funds. F INANCIAL C ONSIDERATIONS The purpose of the City's Investment Policy is to provide guidelines for prudent investment of the City's idle funds and maximum efficiency of the City's cash management system. The ultimate goal is to enhance the City's economic condition while protecting the funds at all times. The City's investments comply with the "Authorized Investments" section of the Investment Policy. Reviewed by: ~ Scott Hanin City Manager Attachment: 1. City ofEl Cerrito Quarterly Investment Report For Period Ending September 30, 2014 ---PAGE BREAK--- Agenda Item No. 5(E)