Laserfiche WebLink
<br /> <br /> <br />Investments <br />As of March 31, 2020, total cash and investments for all City Funds totaled $14,420,647, and the <br />allocation by investment type is as follows: <br />Type Amount Percentage <br />Money Market $131,608 .91% <br />4M money market 1,473,401 10.22% <br />CD’s 11,959,050 82.93% <br />Agencies - 0% <br />Municipal Bonds 856,588 5.94% <br />Total $14,420,647 100.00% <br /> <br />Since all the CD’s that City holds are under $250,000, they are FDIC insured. There is one CD at <br />RCU that is collateralized, as per the City’s investment policy. All current investments are within <br />the State Statue 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 /> <br />Due to the extension of the property tax payment deadline due to COVID-19, the maturities in <br />the next few months will be utilized for cash flow purposes to pay the City’s financial <br />obligations. A detail of these maturities is as follows; <br /> <br />Month Maturity Amount <br />May $248,000 <br />June 690,000 <br />July 200,000 <br />August 983,800 <br />October 2,705,250 <br />November 245,000 <br />December 245,000 <br /> <br /> <br />