HomeMy WebLinkAboutAudit Committee-Agenda Packets-8/20/2013City 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, August 20, 2013
5:00 P.M.
City Manager’s Conference Room
Third Floor – City Hall
1.CALL TO ORDER
2.REGULAR AGENDA ITEMS
2a Meet with representative(s) from the City's audit firm, Pattillo,
Brown & Hill, L.L.P. to discuss the Fiscal Year September 30, 2013
audit
3.PRESENTATION AND DISCUSSION
Presentation of the Quarterly Investment Report for the quarter ended
June 30, 2013
4.ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August
16, 2013, 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 08/20/2013 Number
Type Regular Agenda Items
Department City Manager
Title
Meet with representative(s) from the City's audit firm, Pattillo, Brown & Hill, L.L.P. to
discuss the Fiscal Year September 30, 2013 audit
Explanation
John Manning, who is the partner with the City's audit firm Pattillo, Brown and Hill,
L.L.P., will meet with the Audit Committee to discuss the Fiscal Year September 30,
2013 audit.
Attachments
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 3a Agenda Date 08/20/2013 Number
Type Presentation
Department City Manager
Title
Presentation of the Quarterly Investment Report for the quarter ended June 30, 2013
Explanation
During the period of April 1, 2013 through June 30, 2013, the City of Colleyville had an
average of $47,587,180 invested on a daily basis, which earned $24,207, with an
average yield of 0.20%. The average yield on investments for this quarter is down
from the prior quarter's average of 0.24%. As of June 30, 2013, the City had
$49,915,566 invested in the LOGIC Investment Pool, CDARS Certificates of Deposit
and various debt instruments in the following percentages:
Logic 47.67% FFCB Notes 30.36%
FHLB Notes 11.32% CDARS CD’s 8.05%
Treasury Note 2.60%
These percentages are within the guidelines for portfolio diversification in the City's
investment policy. The market value of the City's investments on June 30, 2013 was
$22,102,270 as compared to a purchase price of $22,111,333 (this excludes LOGIC
Investment Pool and CDARS Certificates of Deposit). The Colleyville Economic
Development Corporation currently holds a Treasury Note ($550,000) with a market
value of $551,612 and a purchase price of $554,469. Additionally, $1,096,748 was
invested in the Corporation's name in the LOGIC Investment Pool. These funds earned
interest of $590 for the quarter.
Attachments
1.Quarterly Investment Report for the quarter ending June 30, 2013