File #: 6550    Version: 1 Name: Quarterly Investment Report
Type: Resolution Status: Passed
File created: 2/13/2024 In control: City Council
On agenda: 2/20/2024 Final action: 2/20/2024
Title: Consider A Resolution Accepting The Investment Officer's Quarterly Report For First Quarter Ended December 31, 2023.
Attachments: 1. 2024 Resolution 1st Quarter Investment Report

CC MEETING: February 20, 2024

 

DATE: February 13, 2024

 

TO: Erin Rinehart, City Manager

 

FROM: Diana K. Vaughn, Chief Financial Officer

              Chrystal K. Davis, Assistant City Manager

 

Title

Consider A Resolution Accepting The Investment Officer’s Quarterly Report For First Quarter Ended December 31, 2023.

 

Body

BACKGROUND:

The City’s Investment Policy and Chapter 2256, Government Code, the Public Funds Investment Act requires the Investment Officer to report to Council each quarter the investment transactions and strategy for the investment portfolio of the City. In compliance with this policy and fulfillment of Section 2256.023 Internal Management Reports of the “Public Funds Investment Act” the Investment Officer’s Quarterly Report for first quarter ended December 31, 2023 is available on the city’s website for approval at the council meeting at <http://www.cityofcarrollton.com/departments/departments-a-f/finance/treasury>. This report was presented to the City Council Audit, Finance and Governance Committee at their February 1, 2024, meeting for in-depth review and discussion. 

 

FINANCIAL IMPLICATIONS:

This report provides all information related to all the securities investment transactions performed by the authorized investment officers for the first quarter ended December 31, 2023.

 

IMPACT ON COMMUNITY SUSTAINABILITY:

Investing funds in accordance with the Public Funds Investment Act standards improves the City’s financial position and sustainability.

 

STAFF RECOMMENDATION/ACTION DESIRED:

Consider a resolution accepting the Investment Officer’s Quarterly Report for first quarter ended December 31, 2023.