Report to Mayor and City Council
Tuesday, June 21, 2016
Discussion
SUBJECT:
Title
INVESTMENT AND CASH REPORT (CITY COUNCIL)
Body
I. SUMMARY
Submitted for Council’s review is the Investment Portfolio for the City of Carson, Successor Agency and Housing Authority.
II. RECOMMENDATION
Recommendation
RECEIVE and FILE.
Body
III. ALTERNATIVES
TAKE another action the Council deems appropriate.
IV. BACKGROUND
The Investment Report is submitted to the City Council to ensure that the legislative body is kept abreast of the value of the reserve funds and the manner in which they are invested. The report covers the reserve funds for the the City of Carson, Successor Agency and the Housing Authority. The investment report is being provided to promote accountability and transparency.
V. FISCAL IMPACT
None
VI. EXHIBITS
1. Summary of Cash (Pg. 3)
2. Monthly Investment Report (Pgs. 4-7)
3. Investment Portfolio (Pgs. 8-15)
Prepared by: Monica Cooper, City Treasurer