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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 June 30, 2021 <br />Coupon Amount Percentage <br />To 1.00% $11,843,653 71.50% <br />1.00% to 1.49% $0 0.00% <br />1.50% to 1.99% 2,695,000 16.30% <br />2.00% to 2.49% 1,605,000 9.70% <br />2.50% to 2.99% 420,000 2.50% <br />$16,563,653 100.00% <br />As expected, new investments purchased during the 1st half of 2021, had lower investment coupons <br />than prior to the pandemic. The Federal Reserve set the Fed Funds Rate to 0 to .25% in February <br />2020, and it has stayed at this rate. <br />I am happy to answer any questions regarding the City’s finances and this report.