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AGENDA BILL Agenda Item No.S(J) Date: August 18,2015 To: El Cenito City Council From: Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report for Period Ending June 30,2015 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending June 30, 2015. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for April 2015 - June 2015 shows that the City's investments had a par value of $1,524,405 as of June 30, 2015. During the quarter interest of approximately $40 was earned and debt service payments for the Recycle Center, Street Improvement Fund, City Hall and the Solar Lease Project were made totaling $826,426. 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 the pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF) and $1 ,521 ,699 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 Cenito Quarterly Investment Rep011 For Period Ending June 30, 2015 ---PAGE BREAK--- Agenda Item No. 5(J) Attachment