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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 15, 2016 <br />TITLE: <br />QUARTERLY REPORT OF INVESTMENTS <br />AS OF SEPTEMBER 30, 2016 <br />(STRATEGIC PLAN NO. 4, 1D) <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />_'•:• 51 <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 14' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />a14:84UIPi1-11:11V <br />Receive and file Quarterly Report of Investments as of September 30, 2016, <br />DISCUSSION <br />Since fiscal year 2013-14 the Finance Management Services Agency Treasury division <br />(Treasury Division) has evaluated the process in managing the City's Cash Flow and related <br />Investment Strategy. As a result of the evaluation, Treasury Division established an Investment <br />Committee (Committee) comprised of individuals from Finance Management, Budget and <br />Accounting. The Committee, which meets on a monthly basis, has implemented changes in the <br />investment strategy based on a review of market conditions; analysis of the portfolio; and the <br />Cash Flow needs of the City. <br />As a result of implementing recommendations from the Committee, the Treasury Division <br />management of the portfolio has resulted in an increase for both its Portfolio earnings and rate of <br />return. Below is a three year analysis on the Investment Portfolio earnings and the <br />corresponding portfolio rate of return (see below) for the period fiscal year 2013-14 through fiscal <br />year 2015-16. <br />19F-1 <br />