Laserfiche WebLink
<br /> <br />Investments <br />As of December 31, 2019, total cash and investments for all City Funds totaled $15,658,915, and <br />the allocation by investment type is as follows: <br />Type Amount Percentage <br />Money Market $454 0% <br />4M money market 3,012,625 19.24% <br />CD’s 11,789,249 75.29% <br />Agencies - 0% <br />Municipal Bonds 856,587 5.47% <br />Total $15,658,915 100.00% <br /> <br />All the CD’s that City holds are under $250,000 so they are FDIC insured, except for the RCU <br />CD. Since this CD is over the insurance limits, it is collateralized as per the City’s investment <br />policy. All current investments are within the State Statue guidelines. <br /> <br />As of December 31st, 2019, investment earnings for 2019 are slightly lower than 2018. Investment <br />earnings are as follows: <br />2018 2019 <br />$317,152* $314,422 <br />*The 2018 investment earnings include the City’s owned municipal bond interest of $86,385 that <br />was repaid in 2019. <br /> <br />As in prior years, a mark to market adjustment is required to be recorded at year-end in accordance <br />with GASB standards. A mark to mark adjustment refers to the amount that the City would receive <br />if the entire investment portfolio was liquidated on December 31st. The mark to market adjustment <br />on the portfolio is recorded as follows: <br /> <br /> 2018 2019 <br />Mark to Market $(143,371) $27,498 <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 />