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File #: 23-192    Version: 1
Type: Consent Status: Agenda Ready
File created: 3/8/2023 Meeting Body: City Council
On agenda: 3/21/2023 Final action:
Title Search: Consider a resolution receiving the Keller Quarterly Investment Report for period ending December 31, 2022, and providing an effective date.
Attachments: 1. 032123_FY_23_Q1_Investment_Report_Resolution, 2. 032123_FY23_Q1_Investment_Rpt
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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 December 31, 2022, and providing an effective date.

Body

 

Background:                     

On March 7, 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 December 31, 2022 as presented.  The total book value is $147,632,231, and total market value is $147,367,751. The quarterly and year-to-date interest income is approximately $1,037,487.  

 

Financial Impact:

Interest income for the quarter is approximately $1,037,487.  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 7, 2023.