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Investments <br />As of March 31, 2021, total cash and investments for all City Funds totaled $15,856,345, and the <br />allocation by investment type is as follows: <br />Type Amount Percentage <br />Money Market $21,360 .13% <br />4M money market 1,892,388 11.93% <br />CD’s 11,847,878 74.72% <br />Treasuries 499,761 3.15% <br />Agencies 500,000 3.15% <br />Municipal Bonds 1,094,958 6.91% <br />Total $15,856,345 100.00% <br />Since all the CD’s that City holds are under $250,000, they are FDIC insured. There are two CD’s <br />at RCU that are collateralized, as per the City’s investment policy. All current investments are <br />within the City’s Investment Policy. <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 />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. <br />As of March 31, 2021 <br />Coupon Amount Percentage <br />To 1.00% $9,322,687 58.8% <br />1.00% to 1.49% $245,000 1.5% <br />1.50% to 1.99% 2,940,000 18.5% <br />2.00% to 2.49% 2,683,658 16.9% <br />2.50% to 2.99% 665,000 4.2% <br />$15,856,345 100.00% <br />As expected, new investments purchased during the 1st quarter 2020, had lower investment <br />coupons than the 1st quarter 2020. The Federal Reserve set the Fed Funds Rate to 0 to .25% in <br />February 2020, and it has stayed at this rate. <br />I am happy to answer any questions regarding the City’s finances and this report.