To: Aaron Rector, City Manager
From: Bryan Rebel, Chief Financial Officer
Subject:
Title
Consider a resolution receiving the Keller Quarterly Investment Report for periods ending March 31, 2026 and June 30, 2026, and providing an effective date.
Action Requested:
Consider a resolution receiving the Keller Quarterly Investment Report for periods ending March 31, 2026 and June 30, 2026, and providing an effective date.
Background:
On September 15, 2026, the City’s investment advisor, Valley View Consulting, presented the Keller Quarterly Investment Reports to the Keller Finance Committee. The Committee reviewed and approved the Quarterly Investment Reports for periods ending March 31, 2026 and June 30, 2026 as presented. The total book value is $169,411,372, and total market value is $169,411,372 for the period ending March 31, 2026. The quarterly interest income is $1,620,303 and year-to-date interest income is approximately $3,331,958 for the period ending March 31, 2026. The total book value is $163,199,391, and total market value is $163,199,391 for the period ending June 30, 2026. The quarterly interest income is $1,535,286 and year-to-date interest income is approximately $4,867,244 for the period ending June 30, 2026.
Financial Impact:
Interest income for the quarters ending March 31, 2026 and June 30, 2026 are approximately $1,620,303 and $1,535,286 respectively. 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 financial report on September 15, 2026.
Legal Review:
N/A
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Staff recommends approval as presented.