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<br />Investments <br />As of March 31, 2019, total cash and investments for all City Funds totaled $14,616,044, and the <br />allocation by investment type is as follows: <br />Type Amount Percentage <br />Money Market $5,883,757 40.25% <br />CD’s $4,670,844 31.96% <br />Agencies $2,235,000 15.29% <br />Municipal Bonds $1,826,443 12.50% <br />Total $14,616,044 100% <br /> <br />All the CD’s that City holds are under $250,000 so they are FDIC insured. Agencies that the City <br />holds are agencies through the Federal Home Loan Mortgage Corporation (Freddie Mac) and are <br />rated by Moody’s as AAA investments. All current investments are within the State Statue <br />guidelines. <br /> <br />Since the City’s cash and investments are needed for cash flow in the City’s operating and capital <br />activities, it is helpful to understand the maturities in order to structure future investment <br />opportunities. Below are the future maturities for the City’s cash and investments. <br /> <br />The City budgets investment income as part of the budget process so it is helpful to understand the <br />coupons (interest rate) for the cash and investments. The Coupons as of March 31, 2019 are as <br />follows: <br />Coupon Amount Percentage <br />To 1.00% $637,503 4.36% <br />1.00% to 1.49% 2,385,635 16.32% <br />1.50% to 1.99% 475,000 3.25% <br />2.00% to 2.49% 9,392,906 64.27% <br />2.50% to 2.99% 515,000 3.52% <br />3.00% to 3.49% 245,000 1.68% <br />6.00% to 7.60% 965,000 6.60% <br /> $14,616,044 100.00% <br /> <br /> <br />STAFF RECOMMENDATION: <br />Accept the 1st Quarter Financial Report. <br />44% <br />10% <br />20%20% <br />4%2% <br />0% <br />10% <br />20% <br />30% <br />40% <br />50% <br />2019 2020 2021 2022 2023 2024 <br />Maturity