To: Honorable Mayor and Members of City Council
From: Rajneil Prasad, Finance Director
Prepared By: Rajneil Prasad, Finance Director
TITLE:
Title
Treasurer’s Quarterly Investment Report on the City’s Investment Portfolio for the Quarter Ended June 30, 2024
LABEL
RECOMMENDED ACTION:
Recommendation
Receive the Treasurer’s Quarterly Investment Report on the City’s investment portfolio for the period ending June 30, 2024.
Body
DISCUSSION:
The purpose of this report is to provide the City Council with the treasurer’s quarterly report on the City’s investment portfolio for the quarter ending June 30, 2024, as outlined by Government Code Section 53646(b) (1). All local agencies are required to file regular financial reports with their legislative body on the status of their investment portfolio. One of the roles of the City’s Finance Department is to manage investments of the City to ensure that cash flow needs are met while maximizing the investment portfolio.
FINANCIAL IMPACTS:
There is no fiscal impact associated with this action. The attached reports are for informational purposes on the effects of current market conditions on the City’s investment portfolio.
CEQA:
The Finance Director has determined that the Recommended Action described in this Agenda Report is not subject to CEQA, pursuant to CEQA Guidelines Section 15060(c).
DOCUMENTS ATTACHED:
ATCH 1 - City of Napa Quarterly Investment Report 2024-06-30
ATCH 2 - Napa Quarterly Investment Holdings Report 2024-06-30
APNDX - Investment Policy
NOTIFICATION:
None.