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City of <br />Lauderdale <br />Fourth Quarter Investment Report <br />January 8 2014 <br />The quarter ended. general fund balanceof $810,869 . • . . •investments totaling <br />$3,704,902.65. That is the total of all fund balances including the 601 and 602 sewer enterprise <br />funds. Since the City pools the fund balances for investment purposes, at quarter end <br />$3,357,197.29 was invested. $1,157162.29 was invested in money market funds and $2,200,035 <br />in certificates of deposit (CDs). <br />The money market rates remain lackluster. The most they pay is .O5%. The City received .3% <br />interest on the check book balance through the quarter. <br />This quarter, the City earned $2,291.13 from investments compared to $4,271.88 last quarter <br />bringing the 2013 total to $13,998.11. The City earned $14,826.94 in interest in 2012; <br />$30,612.67 in i- 1 and $54,673.60 in 2010.The expectation is th- City will receive <br />.•• - amount in interest in 20141 - rates have not• -• <br />Table 1 shows how the interest was divided between the funds and compares interest earned to <br />the adopted budget. The funds with the largest balances get the greatest interest distributions. <br />Table 1: Investment Earning- Distribution by Fund <br />2013 <br />Budget <br />As of <br />December 31 <br />1 1 <br />— General Fund111 <br />i . <br />i <br />— Community Events'► <br />i <br />— Communication <br />---202 <br />203 <br />— Recycling <br />1. <br />— 2003 Street Improve ■ <br />, 111. <br />, 1 <br />401 <br />, • , • - Street' <br />111 <br />■ • <br />402 <br />— Capital Improve, Gen <br />403 — <br />Capital Improvement, Storm Sewer <br />/ 1 / <br />. • r • - ' . <br />'► 11;1 <br />405 — <br />TIF Projects <br />1 <br />Sewer • r - <br />61 <br />Sewer _ • _ Fund <br />' 111 <br />,•1 <br />602• <br />- - • <br />11 <br />'► <br />