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AGENDA BILL Agenda Item No. 5(G) Date: September 17, 2013 To: El Cerrito City Council From: Lisa Malek-Zadeh, Finance Director/City Treasurer Subject: Quarterly Investment Report For Period Ending June 30, 2013 ACTION REQUESTED Receive and file the City's Quarterly Investment Report for the period ending June 30, 2013. QUARTERLY INVESTMENT REPORT REVIEW The Quarterly Investment Report for April2013-June 2013 shows that the City's investments had a par value of $2,353,734.18 as of June 30, 2013. The decrease o~ $783,404.66 from last quarter is due to use of the Solar Capital Lease proceeds to continue the project. 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, $2,696.25 is invested in the pooled funds with the State Treasurer's Local Agency Investment Funds (LAIF); $1,011,037.93 is held in money market funds; and $1,340,000 is invested in agency debt investments. 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. ScottHanin City Manager Attachment: 1. City ofEl Cerrito Quarterly Investment Report For Period Ending June 30, 2013 ---PAGE BREAK--- Agenda Item No. 5(G) Attachment 1