(A) Investment report. The Commissioner of Accounts and Finances or the City Treasurer shall prepare and provide an investment report at least quarterly, including a succinct management summary that provides a clear picture of the status of the current investment portfolio, to the City Council. This management summary will be prepared in a manner that will allow the entity to ascertain whether investment activities during the reporting period have conformed to the investment policy. The report may include the following:
(1) A listing of individual securities or other allowable investments held at the end of the reporting period;
(2) Average weighted yield to maturity of portfolio on city investments, as compared to applicable benchmarks;
(3) A listing of investments by maturity dates;
(4) The percentage of the total portfolio that each institution is holding;
(5) The 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, and a management summary shall be provided to the governing body. 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 (Attachment #3 to Ordinance 2017-07).
(1994 Code, § 40.16) (Ord. 99-03, passed 3-22-1999; Ord. 2017-07, passed 12-26-2017)