(A) Generally. The Finance Director shall prepare an investment report at least monthly, including a succinct management summary that provides a clear picture of the status of the current investment portfolio. This management summary will be prepared in a manner which will allow the city to ascertain whether investment activities during the reporting period have conformed to the investment policy. The report should be provided to the Chief of Staff, City Council and available for review by the general public. The report may include the following:
(1) A listing of individual securities or accounts held at the end of the reporting period;
(2) Listing of investments by maturity date;
(3) The percentage of the total portfolio which each type of investment represents;
(4) The percentage of the total portfolio which each institution is holding;
(5) The percentage of the total portfolio broken down by defined maturity periods; and
(6) Principal and type of investment by fund.
(B) Marking to market. A statement of the market value of the portfolio shall be issued at least quarterly. This will ensure that the minimal amount of review has been performed on the investment portfolio in terms of value and subsequent price volatility. Review should be consistent with the GFOA Recommended Practice on Mark-to-Market Practices for State and Local Government Investment Portfolios and Investment Pools (see Appendix F).
(Prior Code, § 38.16) (Ord. 99-286, passed 12-14-1999)