To: Mayor and City Council
From: Aaron Rector, Interim City Manager
Subject:
Title
Consider a resolution receiving the Keller Quarterly Investment Report for period ending December 31, 2023, and providing an effective date.
Background:
On March 5, 2024, the City’s investment advisor, Valley View Consulting, presented the Keller Quarterly Investment Report to the Keller Finance Committee. The Committee reviewed and approved the Quarterly Investment Report for period ending December 31, 2023 as presented. The total book value is $157,494,946, and total market value is $157,494,946. The quarterly interest income is $1,924,007 and year-to-date interest income is approximately $1,924,007.
Financial Impact:
Interest income for the quarter is approximately $1,924,007. The interest income is distributed to funds according to their current fund balances.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the investment report on March 5, 2024.