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Cash lfanaqsaat <br />Inveatmant Polici�a <br />Th� City has Mritt�n polici�a that r�atrict investmont of tho <br />Citp's op�rating lunda to II.e. Tr�aauri�s, Aqenci�s, snd <br />Cartificat�s of Depoait in 2tinn�sota institutions. (see Nota 4 in <br />the footnot�s for further disclosuss)o <br />All t�mporary cash surplus�s durimmg th� y�as ar• inv.at.d in <br />various sseuriti�s �rhich Stat• Statut�s p�rait. Inv�stmsnt <br />pi�lds ranq�d froa 4.0� to 8.50� durinq the yaar. Tha 199Y <br />av�raq� inter�at rat• raa approsimat�lp 12.3�. xon poolod funda <br />r�r• 3av�st�d in r�strict�d yi�ld s�curiti�a rhich rsaqad from <br />5.25� to 7�. Th� intarsat �arninq by fun8a rere a� followa: <br />6�n�ra1 $ 186,964 <br />Sp�cial rov�nue 5+,900 <br />D•bt s•rvics 362,081 <br />Capital projects 1,484,237 <br />BntesFfriae 4o1,i6o <br />Int�rnal S.reic. 120,691 <br />Trriat and l►qency �2.787 <br />Total S 2a652.820 <br />1991 did ahow a d�cr�aaa in iat�r�st �arniaqs due priaarily to <br />loror caeh balaacea and loxar int�r�at rat•s in 1991 compared <br />�rith pr�niou: y�ars. Th� rats of r�turn on all caah balancas <br />(12.3�) boM�v�r, atill eompar�s favorably vith th• 50/50 <br />STIF/Traaaury indsz vhich achi�v�d 9ic for 1991. <br />Th� folloMinq is a historp of �arniaqa bp y�ar: <br />ear <br />1l84 <br />1985 <br />1986 <br />1987 <br />1988 <br />1989 <br />1990 <br />1991 <br />�isi lfanaqsaIIt <br />2ntarnal Barvico Funda <br />$arnincs <br />1'485�822 <br />1�483�921 <br />2�522�813 <br />2,021�9�1 <br />2�140�566 <br />2,743�623 <br />2�i74�508 <br />2�652�820 <br />Th• workasa' Compenaation Self-Inauraace Fund xas aatablfahad to <br />s�rvic• workara' comp�naatfon insurance claima. all aMards ot <br />compenaation, l�qal feaa, admiaistrative coata aad the psemium <br />Lor osceaa cov�raq� aro paid !ro■ this lund. Th• work.re' <br />Companaation R�ineuraac� aaeociation proviGod �xceaa cov�raqa for <br />16 <br />