CCP 04-13-1992 - Laserfiche WebLink

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...,;l , . Annual Repor t of Investment Program and Investment Activity for the City of Arden Hills 1991 Attached 1S a chart displaying the inves tmen t por tfo 1 io for the Ci ty covering the mon ths of June through December, 1991, and January 1992 (for comparison with goals). This covers the period of time dur ing which the City established goals for the por tfo 1 io and approved a formal I nves tmen t Po 1 icy that set for th procedures and scope of inves tmen ts au thor i zed to be made by the Treasurer. Also a ttac hed are the fo llow ing graphs which I hope are of interest to you: Analysis of Cash for 1989 Analysis of Cash for 1990 Analysis of Cash for 1991 Average Monthly Cash Position for 1989, 1990, 1991 Cumulative Cash Position for 1989, 1990, 1991 CD Ma tur i ties Schedule for 1992-1996 Five graphs showing ma tur i ties for each year by mon th . The Po 1 ic y also requires that a comprehensive annua 1 repor t be provided by the Treasurer that summarizes the following: Investment Strateqies- The investment strategy is to maximize re turn whi Ie meeting the da i 1 Y cash needs of the City and conforming to regulatory requirements. The objec tives of safety and liqu id i ty are balanced through the process of diversification, whi Ie maintaining a market rate of return throughout budge tary and economic cycles. Specif ically, the objectives for 1991 were to move the por tfo 1 io to a position where the i nves tmen t instruments were more d iversif ied by type as we 11 as maturity, as compared to past pr ac tice of lim i ting inves tmen ts to certificates of deposit or Treasury obligations with ma tur i ties of one year or less. As ind ica ted in the por tfo 1 io comparison, the goal is to ref lec t the fo llowing mix: Cash/liquid assets 15Y. CD's 50Y. Mu tua I funds (uS oblig.) 15Y. . US/agency zero coupons 20X - 1 l I .. Ii