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<br />Investments
<br />As of March 31, 2024, total cash and investments for all City Funds totaled $16,853,880.80, and
<br />the allocation by investment type is as follows:
<br />Type Amount Percentage
<br />MM $1,370,666.18 8.13%
<br />CD $10,504,883.62 62.33%
<br />Agency $1,049,223.70 6.23%
<br />Treasury $581,949.91 3.45%
<br />Municipal $117,915.60 0.70%
<br />Checking 4M $3,229,241.79 19.16%
<br />Total $16,853,880.80 100.00%
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<br />All of the CD’s that City holds are under $250,000 and 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 City’s Investment Policy.
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<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 />Total
<br />2024 2025 2026 2027 2028 2029 2030
<br />January 1- 445,000.00 - - - - - 445,000.00
<br />March 2- 245,000.00 249,000.00 480,000.00 440,000.00 - - 1,414,000.00
<br />March 3- 733,815.00 607,915.60 240,000.00 - - - 1,581,730.60
<br />April 4 455,832.95 350,000.00 245,000.00 450,000.00 - - - 1,500,832.95
<br />May 5 245,000.00 - 245,000.00 - - - - 490,000.00
<br />June 6 545,082.67 - - - - - - 545,082.67
<br />August 7 586,000.00 745,000.00 735,000.00 - - - - 2,066,000.00
<br />August 8 735,000.00 490,000.00 733,000.00 220,000.00 - - - 2,178,000.00
<br />September 9 249,376.70 198,030.19 - - - - - 447,406.89
<br />October 10 383,919.72 - - - - - - 383,919.72
<br />November 11 - 245,000.00 220,000.00 - - - - 465,000.00
<br />December 12 492,000.00 - 245,000.00 - - - - 737,000.00
<br />3,692,212.04 3,451,845.19 3,279,915.60 1,390,000.00 440,000.00 - - 12,253,972.83
<br />13,624,639.01
<br />1,370,666.18 MM
<br />Investments Maturity by Year and Month
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