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File #: 15-0434    Version: 1 Name: 5/4/15 First Quarter 2015 Investment Portfolio Report
Type: Report or Communication Status: Filed
File created: 5/4/2015 In control: City Council
On agenda: 5/4/2015 Final action: 5/4/2015
Enactment date: Enactment #:
Title: First Quarter 2015 Investment Portfolio Report
Attachments: 1. Investment Portfolio Report - 1st Quarter 2015
First Quarter 2015 Investment Portfolio Report
Attached for your information is the City's investment portfolio report for the first quarter 2015.  At March 31, the portfolio calendar year-to-date return on investments net of fees was 1.08%.  The weighted average yield for the portfolio for the quarter was 1.06%, which exceeded our benchmark by 55 basis points.  Our benchmark is the 12-month trailing rate of the 2-year Treasury Note, which earned 0.51% as of March 31.  The weighted average effective maturity at quarter end was 725 days.
The Governmental Accounting Standards Board requires under Statement 31 that all investments be recorded at fair value versus amortized cost.  At quarter end, the amortized cost value of the portfolio was $226,149,758.60.  If investments were recorded using the fair value method, the value of the portfolio would be $227,373,474.51.  Recording investments at fair market value, the portfolio experienced an unrealized gain of $1,223,715.91.
Prepared by:      Matthew V. Horning, Treasurer
Reviewed by:      Tom Crawford, Chief Financial Officer
Approved by:      Steven D. Powers, City Administrator