CC MEETING: August 2, 2016
DATE: July 27, 2016
TO: Leonard Martin, City Manager
FROM: Robert B. Scott, CFO
Title
Consider A Resolution Accepting The Investment Officer’s Third Quarter Report For Period Ended June 30, 2016.
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” each councilmember has been notified that the Third Quarter Investment Officer’s Report is available on the city’s website for approval at the council meeting.
FINANCIAL IMPLICATIONS:
This report provides all information related to all the securities investment transactions performed by the authorized investment officers for the third quarter ended June 30, 2016.
IMPACT ON COMMUNITY SUSTAINABILITY:
None.
STAFF RECOMMENDATION/ACTION DESIRED:
Consider a resolution accepting the Investment Officer’s Third Quarter Report for period ended June 30, 2016.