Subject
A review and discussion of the 2nd quarter Investment Portfolio activity for the city of Hermiston
Summary and Background
Per the Investment Policy for the city, a report (at least quarterly) shall be made to the City Council to ascertain whether investment activities during the reporting period have conformed to the investment policy.
See the attached Investment Summary Report for detailed information.
Tie-In to Council Goals:
Goal #2 - FIscal Prudency
Fiscal Information
N/A
Alternatives and Recommendation
Alternatives
1. Accept the quarterly report as presented.
2. Do not accept the quarterly report as presented and direct staff to take action (if necessary) to correct any deficiencies in the performance measures with regards to the investment portfolio.
Recommendation
Accept the quarterly investment report as presented.
Requested Action/Motion
Approve a motion to accept the FY2021 2nd Quarter Investment Report as presented.
Submitted By: Mark Krawczyk