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04-24-2024 Council Packet
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04-24-2024 Council Packet
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4/24/2024 9:09:25 PM
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<br />3,692,212.04 <br />3,451,845.19 <br />3,279,915.60 <br />1,390,000.00 <br />440,000.00 <br />2024 2025 2026 2027 2028 <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% 4,769,662.00 28.30% <br />1.01% to 1.50% 245,000.00 1.45% <br />1.51% to 2.00% 609,915.60 3.62% <br />2.01% to 2.50% - 0.00% <br />2.51% to 3.50% 1,332,642.56 7.91% <br />3.51 to 5.50% 9,896,660.64 58.72% <br />Total 16,853,880.80 100.00% <br />As of September 30, 2023 <br /> <br />The City purchased four new securities since the beginning of the year at an average yield of <br />4.063%. <br /> <br />I am happy to answer any questions regarding the City’s finances and this report. <br /> <br /> <br />
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