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Investment income for 2019 is comparable to 2018. It is as follows: <br />2019 2018 <br />$148,406 $142,910 * <br />* The 2018 investment income includes the City’s owned municipal bond interest of $43,192.50 <br />that was repaid in 2019. <br />Since the City’s cash and investments are needed for cash flow in the City’s operating and <br />capital 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 />The City budgets investment income as part of the budget process so it is helpful to understand <br />the coupons (interest rate) for the cash and investments. The Coupons as of March 31, 2019, and <br />June 30, 2019, are as follows: <br />As of March 31, 2019 As of June 30, 2019 <br />Coupon Amount Percentage Amount Percentage <br />To 1.00% $637,503 4.36% $146,260 .94% <br />1.00% to 1.49% 2,385,635 16.32% 0 0% <br />1.50% to 1.99% 475,000 3.25% 245,000 1.58% <br />2.00% to 2.49% 9,392,906 64.27% 10,597,828 68.34% <br />2.50% to 2.99% 515,000 3.52% 910,000 5.87% <br />3.00% to 3.49% 245,000 1.68% 2,643,102 17.05% <br />6.00% to 7.60% 965,000 6.60% 965,000 6.22% <br />$14,616,044 100% $15,507,190 100%