HomeMy WebLinkAboutItem No. 07 - Monthly Investment Portfoli Reports
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Consent Calendar
City of San Bernardino
Request for Council Action
Date: May 6, 2020
To: Honorable Mayor and City Council Members
From: Teri Ledoux, City Manager
By:Paul Espinoza, Finance Director
Subject: Monthly Investment Portfolio Reports
Recommendation
It is recommended that the Mayor and City Council of the City of San Bernardino ,
California accept and file the Monthly Investment Portfolio Reports for both February
and March 2020.
Background
The City’s Statement of Investment Policy requires that a monthly Investment Portfolio
Report be prepared and submitted to the Mayor and City Council. The Director of
Finance will prepare, review, and present the City’s Investment Portfolio Report and
confirm that the portfolio is in compliance with the City’s Investment Policy.
Discussion
The February Investment Portfolio Report provides a synopsis of investment activity for
the City’s investment portfolio for the month ended February 29, 2020.
The March Investment Portfolio Report provides a synopsis of investment activity for the
City’s investment portfolio for the month ended March 31, 2020.
As of November 6, 2019, the City’s Investment Portfolio is in full compliance with the
California Government Code Section 53601, and there is sufficient cash flow from a
combination of liquid and maturing securities, bank deposits, and income to meet the
City’s expenditure requirements.
2020-2025 Key Strategic Targets and Goals
The acceptance and filing of the attached Investment Portfolio R eport aligns with Key
Target No. 1: Financial Stability by Implementing and maintaining and updating a fiscal
accountability plan
Fiscal Impact
None
Conclusion
It is recommended that the Mayor and City Council of the City of San Bernardino,
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California accept and file the Monthly Investment Portfolio Report for February and
March 2020.
Attachments
Attachment 1 February 2020 Investment Portfolio Management Summary Report
Attachment 2 March 2020 Investment Portfolio Management Summary Report
Ward: All
Synopsis of Previous Council Actions: None