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File #: 21-067    Version: 1
Type: Consent Status: Agenda Ready
File created: 2/5/2021 Meeting Body: City Council
On agenda: 2/16/2021 Final action:
Title Search: Consider a resolution receiving the Keller Quarterly Investment Report for period ending December 31, 2020, and providing an effective date.
Attachments: 1. 021621_FY 21 Q1 Investment Report Resolution, 2. 021621_FY 21 Q1 Investment Report
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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, 2020, and providing an effective date.

Body

 

Background:                     

On January 26, 2021, 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, 2020 as presented.  The total book value is $125,804,023, and total market value is $125,804,023. The quarterly interest income is approximately $180,975.  

 

Financial Impact:

Interest income for the quarter is approximately $180,975.  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 January 26, 2021.

 

Legal Review:                       

None.

 

Alternatives:                     

City Council has the following alternatives:                       

-                     Approve as submitted

-                     Approve with changes

-                     Denial

 

Council Action:                     

City Council approval of resolution as presented.