CCP 04-27-1992 - Laserfiche WebLink

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. The repDr t shall compare the to ta 1 rate of re turn wi th other benchmarks- This compares to the average rate for a 2 year US Treasul-Y bill for 1991 of 6.45%. The repor t s ha 11 con ta in --"- discussion of the outlook for -- interest rates and the economic trend_ for the upcomlnq year investment stra teq ies to be imp lemen ted and budqetary expectations for inves tmen t lncome- The ou t 100 k for interest ra tes for 1992 is Essen tia 11y flat. Our inves tmen t advisors: Mr. Gary Jeub of Piper Jaffray and Hopwood, and Mr. Richard Know I ton of Shea,son Lehman, both feel that there may be a s 1 ig h t ,educ tion In rates in the near term with a very gradual increase as the economy beg ins to recover f,om the recession dur ing 1992. The es t ima ted annualized rate of return for 1992 should be in the range of 6.5% to 7%. . I believe continuation of our presen t strategy lS appropr ia te and e xpec t the average annualized rate of re turn for our portfol io to exceed the benchmark 2 year US T,easury Bill average rate by about 1 1/2% to 2X for the year 1992. I have discussed this repo, t with the Finance Committee, and am herewith submitting this Annual Repor t to the City Counc i 1 pur suan t to the annual repor ting requirement of the Investment Policy. Frank C. Green Treasurer March 30, 1992 . Page ~ '"