Subject
A review and discussion of the 3rd Quarter FY2021 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 period have conformed to the Investment Policy Guidelines.
See the attached Investment Summary report for detailed information.
Tie-In to Council Goals:
This report supports the City Council Goal #2: Fiscal Prudence
Fiscal Information
NONE
Alternatives and Recommendation
Alternatives
1. Accept the 3rd Quarter FY2021 Investment Report as presented.
2. Do not accept the 3rd Quarter Investment Report as presented and direct staff (if necessary) to correct any deficiencies in the performance measures with regards to the investment portfolio.
Recommendation
Accept the 3rd Quarter Investment Report as presented.
Requested Action/Motion
Request a motion to accept the 3rd Quarter FY2021 Investment Report as presented.
Submitted By: Mark Krawczyk