Laserfiche WebLink
  <br /> <br />5,657,182.23  <br />4,225,742.30  <br />3,451,845.19  <br />1,836,915.60  <br />‐ <br />2023 2024 2025 2026 2027 <br />Maturities by Year <br /> <br /> <br /> <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 />Coupon Amount Percentage <br />To 1.00% 8,765,644.60 57.78% <br />1.01% to 1.50% 245,000.00 1.61% <br />1.51% to 2.00% 1,225,298.80 8.08% <br />2.01% to 2.50% 150,000.00 0.99% <br />2.51% to 3.50% 2,323,081.18 15.31% <br />3.51 to 5.00% 2,462,660.74 16.23% <br />Total 15,171,685.32 100.00% <br />As of March 31, 2023 <br /> <br />As expected, new investments purchased during the 1st Quarter of 2023, yield a higher interest, <br />due to the Federal Reserve significantly increasing the rates in Q3 and Q4 of 2022. The City <br />purchased six new securities since the beginning of the year at an average yield of 4.46%. <br /> <br />I am happy to answer any questions regarding the City’s finances and this report. <br /> <br /> <br />