REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Dave Kiff, Interim City Manager
PREPARED BY: Alisa Backstrom, City Treasurer
Subject:
title
Receive and file the City Treasurer’s June 2019 Quarterly Investment Report
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Statement of Issue:
Receive and file the City Treasurer’s Quarterly Investment Report for June 2019, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
Financial Impact:
Not applicable.
Recommended Action:
recommendation
Receive and file the City Treasurer’s Quarterly Investment Report for June 2019, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach.
end
Alternative Action(s):
Deny or critique Quarterly Report.
Analysis:
The City Treasurer’s Quarterly Investment Report for the April - June 2019 Quarter is attached. In summary, the effective rate of return on a portfolio of $267.4 million was 2.21% for the month of June 2019 and 2.00% for the fiscal year to date as of June 30, 2019.
Environmental Status:
Not applicable
Strategic Plan Goal:
Strengthen long-term financial and economic sustainability
Attachment(s):
1. Treasurer’s Quarterly Investment Report for June 2019
2. Treasurer’s Quarterly PowerPoint Presentation for June 2019