SR - - REPORT PERIOD ENDING MAY 31 2014OF 0
� •, aauayo•
c�l/NTY GP
TO:
r W
FROM:
1.
AGENDAITEM
June 10, 2014
Honorable Mayor and
Members of the City Council
John W. Sibley
City Manager
Investment Oversight Committee:
Eric H. Woolery, City Treasure VR
John W. Sibley, City Manager
Richard Jacobs, Finarkce J)irector
SUBJECT:
N
Investment Oversight Committee Report gr the period ending May 31, 2014.
2. SUMMARY:
This report summarizes the activity of the Investment Oversight Committee.
3. RECOMMENDATION /ACTION:
Receive and file.
4. FISCAL IMPACT
None.
15. STRATEGIC PLAN GOAL(S) I
2d. Be a Fiscally Healthy Community — Effectively manage and develop City assets.
6. GENERAL PLAN IMPLEMENTATION
N/A
ReviewedNerified By:
City Manager
Finance Dire o
To Be Present y:
X Cons Calendar _
City Mgr Rpts
Council Reports _
Legal Affairs
Boards /Cmtes _
Public Hrgs
4 min Reports
Plan/Environ
ITEM ( ,� 6/10/14
7. DISCUSSION and BACKGROUND
As required by the Orange Municipal Code Section 2.50.020, the Investment Oversight
Committee reports to the City Council summarizing the Committee meetings and submitting any
recommendations of the Investment Advisory Committee.
Since the last Investment Oversight Committee Report, the Investment Oversight Committee
held a meeting on May 7, 2014. This meeting was combined with the Investment Advisory
Committee meeting. The purpose of this meeting was to review current investment activity and
to discuss relative Treasury issues. Following is a summary of the specific items discussed at
this meeting.
1) Investment Rates Update — Rate reports were presented for the period January through
March 2014. There were discussions regarding the interest rate environment. In
addition, attention was given to the recent interest rate trends in both the U.S. Treasury
market and in the Local Agency Investment Fund (LAIF). It was noted that the current LAIF
rate was 0.23% on May 7, 2014.
2) Treasurer's Investment Reports — The investment activity for the months of January,
February, and March 2014, and the City's position in each category of investment that
includes Treasuries, Agencies and Pooled Investments was presented.
S. ATTACHMENTS
None
ITEM 6/10/14