To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Administrative Services
Subject:
Title
Consider a resolution receiving the Keller Quarterly Investment Report for period ending June 30, 2023, and providing an effective date.
Background:
On August 15, 2023, 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 June 30, 2023 as presented. The total book value is $146,201,401, and total market value is $146,139,802. The quarterly interest income is $1,593,343 and year-to-date interest income is approximately $4,074,896.
Financial Impact:
Interest income for the quarter is approximately $1,593,343. 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 August 15, 2023.