HomeMy WebLinkAboutAudit Committee Agenda Packet - 5-5-2015City of Colleyville Page 1
City of Colleyville
Audit Committee
Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, May 5, 2015
5:15 p.m.
City Manager’s Conference Room
Third Floor – City Hall
1. CALL TO ORDER
2. REGULAR AGENDA ITEMS
2a Presentation of the quarterly investment report for the quarter
ended March 31, 2015
3. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, May 1,
2015 by 5:00 p.m.
Terry Leake
Assistant City Manager and Chief Financial Officer
A quorum of the Colleyville City Council may be in attendance at this meeting.
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise Executive Secretary at least 48 hours in advance
at 817.503.1111, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
City of Colleyville
Audit Committee
Agenda Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number 2a Agenda Date 05/05/2015 Number
Type Regular Agenda Items
Department City Manager
Title
Presentation of the quarterly investment report for the quarter ended March 31, 2015
Strategy Map Connection
F4- Adhere to the City’s financial and budgetary policies
Explanation
During the period of January 1, 2015 through March 31, 2015, the City of Colleyville
had an average of $53,691,321 invested on a daily basis, which earned $34,602, with
an average yield of 0.26%. The average yield on investments for this quarter is
0.02% higher than the prior quarter's average of 0.24%. As of March 31, 2015, the
City had $54,128,413 invested in the LOGIC Investment Pool, CDARS Certificates of
Deposit, and various debt instruments in the following percentages:
Logic 46.53% FFCB Notes 22.26%
FHLB Notes 20.41% CDARS CD’s 8.40%
Treasury Note 2.40%
These percentages are within the guidelines for portfolio diversification in the City's
investment policy. The market value of the City's investments on March 31, 2015
was $24,419,488 as compared to a purchase price of $24,436,896 (this excludes
LOGIC Investment Pool and CDARS Certificates of Deposit). The Colleyville Economic
Development Corporation currently holds a Treasury Note ($500,000) with a market
value of $500,235 and a purchase price of $500,395. Additionally, $998,493 was
invested in the Corporation's name in the LOGIC Investment Pool. These funds earned
interest of $480 for the quarter.
Attachments
1.Quarterly investment report for the quarter ended March 31, 2015