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T H E C OTY " ' f I~ EL CERRITO AGENDA BILL Agenda Item No. S(F) Date: September 22, 2014 To: El Cerrito City Council From: Geoff Thomas, Finance Manager Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report for Period Ending June 30, 2014 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending June 30, 2014. BACKGROUND AND ANALYSIS Per California Government Code 53646 and the City's Investment Policy, the City Treasurer may render a quarterly status report of the City's investments. The quarterly report includes certification that the investments are in compliance with the City's policy and that there are adequate funds available to meet the next six months of estimated expenditures. This report provides an update for the the period ending June 30, 2014. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for April 2014-June 2014 shows that the City's investments had a par value of $1,683,938 as of June 30, 2014. The decrease of $37,335 from last quarter is due to the use of $33,173 of Solar Project proceeds for a payment to the contractor in April and the use of $4,172 of City Hall Debt and Street Improvement Bond Debt interest earnings towards debt service payments offset by interest earned on the debt service reserves. During the quarter, debt service payments were made in the amounts of $502,576 for the Street Improvement Bond Debt in May and $185,454 for the City Hall Debt in June. 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, $2,703 is invested in the pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF); $341,235 is held in money market funds; and $1,340,000 is invested in agency debt investments. Scott anin City Manager Attachment: 1. City ofEl Cerrito Quarterly Investment Report For Period Ending June 30, 2014 ---PAGE BREAK--- Agenda Item No. 5(F) Attachment 1