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OWN OF <br />COUNCIL AGENDA REPORT <br />~~3 ~C ASO~' <br />DATE: MAY 10, 2010 <br />MEETING DATE: 05/17/10 <br />ITEM NO. <br />TO: MAYOR AND TOWN COUNCIL <br />FROM: GREG CARSON, TOWN MANAGER ~~ <br />SUBJECT: INVESTMENT REPORTS FOR THIRD FISCAL QUARTER 09/10 <br />(JANUARY THROUGH MARCH 2010) <br />RECOMMENDATION: <br />Accept reports as attached. <br />DISCUSSION: <br />Attached for your review and acceptance are the Investment reports for the third quarter of the <br />current fiscal year 09/10. <br />The average yield for the Town's investment portfolio has continued to decline; although only <br />slightly, during the cun-ent quarter as investments have matured and been replaced in the current <br />market. The Town's portfolio continues to outperform LAIF significantly however. <br />The Federal Reserve has continued to keep interest rates low and it appears this will continue for <br />the foreseeable future. <br />ENVIRONMENTAL ASSESSMENT: <br />Is not a proj ect defined under CEQA, and no further action is required. <br />FISCAL IMPACT: None <br />Attachments: Investment reports for the third fiscal quarter (January through March 2010). <br />PREPARED BY: <br />Y <br />Finance & Ad~irinistrative Services Director/ Town Treasurer <br />Reviewed by: -Town ManagerAssistant Town Manager 17V,~`Pown Attorney <br />_C1erk~P/FinanceCommunityDevelopment Reviscd:5/lo/l0 7:51 prn <br />Reformatted: 5/30/02 <br />