CCP 04-27-1992 - Laserfiche WebLink

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, . Annual Report of Investment Program and Investment Activity for the City of Arden Hills 1991 Attached 1S a chart displaying the investment por tfo I 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 portfolio and approved a formal Investment Po I icy tha t set for th pl'ocedures and scope of inves tmen ts au thor i zed to be made by the Treasurer. Also attached are the following 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 Mon th I Y 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 yeal- by mon th . The Po I ic y also requires tha t a comprehensive annual repor t be prov ided by the Treasurer that summarizes the fo llowing: Investment Strateqies- The investment strategy is to maximize r e tu r n whi Ie mee ting the dai ly cash needs of the City and conforming to regulatory requirements. The objectives of safety and I iqu id i ty are balanced throug h the process of diversification, while maintaining a market rate of r e tu r n thr oug hou t budgetary and economic cycles. Specifically, the objectives for 1991 were to move the por tfo 1 io to a position where the inves tmen t ins trumen ts were more diversified by type as well as ma tur i ty , as compared to past practice of limiting 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 I io comparison, the goal 1S to ref lec t the fo llow ing mix: Cash/liquid assets 15.% CD's 50% Mu tua I funds (uS oblig.) 15% US/agency zero cDupons 20% . Page 1