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AGENDA BILL Agenda Item No. S(H) Date: April21 , 2015 To: El Cerrito City Council From: Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report for Period Ending March 31, 2015 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending March 31, 2015. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for January 2015 - March 2015 shows that the City's investments had a par value of$1 ,526,716 as of March 31,2015. During the quatier interest of approximately $100 was earned and a debt service payment for the Swim Center was made totaling $18,428. 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, $2,706 is invested in pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF) and $1,524,010 is held in money market funds. FINANCIAL CONSIDERATIONS 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. Scott Hanin City Manager Attachment: 1. City ofEl Cerrito Quarterly Investment Report For Period Ending March 31, 2015 ---PAGE BREAK--- Agenda Item No. 5(H) Attachment 1