The City has a fiduciary responsibility to maximize the productive use of its assets entrusted to its care and to manage those public funds wisely and prudently. The purpose of this policy is to provide broad guidelines and direction to the officer(s) of the City charged with the responsibility for the investment of the City’s temporary idle funds.
The Monthly Treasurer’s Report presents the City’s investment portfolio as of the current month. It includes all investments managed by the City but not those held by trustees. Funds held by trustees include bond reserve funds and deferred compensation plans. Included in this report is information on the institution, broker, investment type, safe keeping arrangements, purchase and maturity date, value and yield for all securities.