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FULL AGENDA PACKET_2021-03-02
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FULL AGENDA PACKET_2021-03-02
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City Clerk
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Agenda Packet
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Clerk of the Council
Date
3/2/2021
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<br />Quarterly Report of Investment as of December 31, 2020 <br />March 2, 2021 <br />Page 2 <br /> The attached Treasurer’s Report (Exhibit 1) accurately reflects all pooled investments <br />held on behalf of the City as of December 31, 2020. <br /> The following two tables represent: (1) percentage limits set by the City’s Investment <br />Policy and State Law and shows respective City investment portfolio investment types, <br />amounts, and percentages; and (2) the restricted cash balance as of December 31, 2020. <br />COSA <br />Amounts State Law <br />Portfolio Policy <br />Type of InvestmentInvested Limits <br />(%)Limits <br />($)(%) <br />(%) <br />Federal Farm Credit Bank $32,709,210.2511.28% <br />NoneNone <br />(FFCB) <br />Federal Home Loan Bank $23,152,608.337.99% <br />NoneNone <br />(FHLB) <br />Federal Home Loan Mortgage $65,286,250.0022.52% <br />NoneNone <br />Corp. (FHLMC) <br />Federal National Mortgage $88,201,540.0030.43% <br />NoneNone <br />Association (FNMA) <br />Local Agency Investment Fund $74,766,303.0925.79% <br />NoneNone <br />(LAIF) <br />CARES Local Agency $5,752,727.461.99% <br />Investment Fund (LAIF) <br />$289,868,639.13100.00% <br />Sub- TotalNoneNone <br />$56,918,611.74 <br />Cash <br />$346,787,250.87 <br />Total <br />Restricted CashIn ($) <br />Restricted Cash $120,621.33 <br />†, <br /> Total$120,621.33 <br /> <br /> Restricted cash is held by a Trustee, Bank of New York Mellon, and is segregated from cash used for <br />† <br />daily operations. (exp.: Bond reserve funds) <br /> <br />
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