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Memo <br />City Council <br />Quarterly Financial Reports <br />2 <br /> <br />is averaging 2.310% in long-term investments and 2.108% overall. All of our investments are in <br />government secured or government backed deposits. The section listed at the top of the portfolio is the <br /> We are trying to stay diversified in this area and will <br />be transferring between these accounts. We have had some of our high interest notes call and are working <br />on cash flows with the PMP and other CIP projects to determine how much we can invest and for what <br />time periods. We continue to research other liquid investment options that will possibly give us a better <br />return, but are still determining our immediate cash flow needs. <br /> <br />If you have any questions, please feel free to call us. You also have available to you the Detailed <br />Summary Trial Balance which includes all transactions from the year on the Council Sharepoint page. <br /> <br />Staff Recommendation: <br /> <br />rd <br />Staff requests that Council accept the 3Quarter Financial Reports. <br />