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File #: 13-1268    Version: 1 Name: 11/7/13 - Third Quarter 2013 Investment Portfolio Report
Type: Report or Communication Status: Filed
File created: 11/7/2013 In control: City Council
On agenda: 11/7/2013 Final action: 11/7/2013
Enactment date: Enactment #:
Title: Third Quarter 2013 Investment Portfolio Report
Attachments: 1. 2013 Q3 Portfolio Report
Third Quarter 2013 Investment Portfolio Report
Attached for your information is the City's investment portfolio report for the third quarter 2013.  At September 30, the portfolio calendar year-to-date return on investments net of fees was 1.03%.  The weighted average yield for the portfolio for the quarter was 0.99%, which exceeded our benchmark by 70 basis points.  Our benchmark is the 12-month trailing rate of the 2-year Treasury Note, which earned 0.29% as of September 30.  The weighted average effective maturity at quarter end was 899 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 $228,769,054.01.  If investments were recorded using the fair value method, the value of the portfolio would be $228,769,714.07.  Recording investments at fair market value, the portfolio experienced an unrealized gain of $660.06.
Prepared by:      Matthew V. Horning, Treasurer
Reviewed by:      Tom Crawford, Chief Financial Officer
Approved by:      Steven D. Powers, City Administrator