Insert for Staff Memo for Finance Committee Meeting of August 24
EAST BAY REGIONAL PARK DISTRICT BOARD FINANCE COMMITTEE AGENDA STATEMENT MEETING DATE – Monday February 28, 2018 SUBJECT: December 31, 2017 Investment Report and Portfolio Review Prepared by: Deborah Spaulding, Assistant Finance Officer ATTACHMENTS: A. Investment Balances for Period Ending December 31, 2017 B. PFM Investment Performance Review for the quarter ended December 31, 2017 C. Total Cash & Investments by Type RECOMMENDATION: Review the December 31, 2017 Investment Report and direct staff to prepare the information for acceptance by the Board of Directors. DESCRIPTION: In accordance with Board Operating Guidelines and the District’s Investment Policy, the attached report has been prepared on the District’s cash and investments. The total market value of the District’s pooled cash and investments as of December 31, 2017 was $226,321,444. Bond funds held by trustees were an additional $135,415,216. The pooled cash and investments held by the District of $226.3 million as of December 31, 2017 reflects an increase in market value of $20.9 million, when compared to funds held at the end of the last quarter, $205.4 million. This is mainly the result of the timing of property tax revenue receipts, which are the largest source of District revenue, and which the District receives primarily in two large annual payments, in December and April. During the first and third quarter of the year, cash balances diminish; cash balances replenish again in quarters two and four. As an additional point of reference, the market value of pooled cash and investments as of December 31, 2016 was $221.8 million.
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