Laserfiche WebLink
File Number: 20-096 <br />5-year U.S. Treasury Note of 2.20%. <br />Amounts invested with LAIF are essentially liquid; funds can be withdrawn with minimal notice as <br />City operations require. The rate of return earned by LAIF generally follows fixed income security <br />rates. <br />Chandler Asset Management manages the balance of the portfolio with a market value of <br />$109,000,000, 70% of the total portfolio. These investments range from one to almost five years <br />to maturity, with the average maturity at 1.87 years (unchanged from December 31, 2018). <br />The report notes that the City is in compliance with all provisions of the City’s Investment Policy <br />and the City is able to meet its cash obligations during the next six-months. Chandler’s strategy is <br />to gradually lengthen the average maturity of the portfolio in order to gain higher interest rates. <br />PREPARED BY <br />Elizabeth D. Warmerdam, Interim Finance Director <br />Page 2 City of San Leandro Printed on 3/11/2020 <br />230