(A) Methods. The City Treasurer shall prepare an investment report at least quarterly, including a management summary that provides an analysis of the status of the current investment portfolio and transactions made over the last quarter. 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 City Council and any pool participants and will include the following:
(1) Listing of individual securities held at the end of the reporting period;
(2) Realized and unrealized gains or losses resulting from appreciation or depreciation by listing the cost and market value of securities over one-year duration that are not intended to be held until maturity (in accordance with Governmental Accounting Standards Board (GASB) requirements);
(3) Average weighted yield to maturity of portfolio on investments as compared to applicable benchmarks;
(4) Listing of investment by maturity date; and
(5) Percentage of the total portfolio which each type of investment represents.
(B) Performance standards. The investment portfolio will be managed in accordance with the parameters specified within this policy. The portfolio should obtain a market average rate of return during a market/economic environment of stable interest rates. A series of appropriate benchmarks shall be established against which portfolio performance shall be compared on a regular basis.
(Ord. 02-2010, passed 6-8-2010)