Subject
A review and discussion of the 1st quarter FY2021-20220 investment activity for the city of Hermiston.
Summary and Background
Per the Investment Policy for the city of Hermiston, a report shall be made to the City Council at least quarterly to ascertain whether investment activities during the period have properly conformed to the Investment Policy guidelines.
See the attached Investment Summary Report for detailed information.
Tie-In to Council Goals:
Fiscal Prudence
Fiscal Information
Invest money to make money.
Alternatives and Recommendation
Alternatives
1. Accept the 1st Quarter FY2021-2022 Investment Report as presented.
2. Do not accept the 1st Quarter FY2021-2022 Investment Report as presented and direct staff (if necessary) to correct any deficiencies in the performance measures with regards to the investmentportfolio.
Recommendation
Accept the 1st Quarter FY2021-2022 Investment Report as presented.
Requested Action/Motion
Request a motion to accept the 1st Quarter FY2021-2022 Investment Report as presented
Submitted By: Mark Krawczyk