HomeMy WebLinkAbout19C - INVESTMENTS QUARTERLY RPT.REQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
February 2, 2004
TITLE:
QUARTERLY REPORT OF
INVESTMENTS AS
OF DECEMBER 31, 2003
CLERK OF COUNCIL USE ONLY:
APPROVED [] As Recommended
[] As Amended
[] Ordinance on Ist Reading
[] Ordinance on 2nd Reading
[] Implementing Resolution
[] Set Public Hearing For
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Receive and file.
DISCUSSION
In 1995, the State of California enacted legislation revising the
reporting requirements relative to investment of funds by governmental
agencies. These requirements, which became effective on January 1, 1996,
mandate that a statement outlining the ability of both the City and the
Redevelopment Agency to meet the budgeted expenditures for the subsequent
six months be submitted to the City Council on a quarterly basis. The
legislation dictates that this quarterly report contain seven major
elements:
Type of investments;
Date of maturity;
Par and dollar amounts invested in each security;
Weighted average maturity of the investments;
Market value as of the date of the report;
Source of the market value information; and
Any funds, investments or programs, including loans,
management of contracted parties.
under the
The Finance and Management Services Executive Director has historically
prepared a monthly report of investments. This office will continue to
provide this information monthly; however, a quarterly report of
investments will be presented at a regular council meeting. In compliance
with State law and the City's Investment Policy, the attached report
(Exhibit 1) accurately reflects all pooled investments held on behalf of
the City and Redevelopment Agency as of December 31, 2003.
Page 13 19.C.
QUARTERLY REPORT OF INVESTMENTS AS
OF DECEMBER 31, 2003
Page 2.
FISCAL IMPACT
There is no fiscal impact associated with this action.
Rod R. Coloma
Executive Director
Finance & Management Services Agency
19.C. Page 14
CITY OF SANTA ANA
TREASURER'S REPORT
as of December 31, 2003
EXHIBIT 1
Page 15 19.C.
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