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10D Consent
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Packet 20230103
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10D Consent
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Last modified
3/21/2024 5:48:41 PM
Creation date
5/31/2023 11:15:25 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
1/3/2023
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PERM
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File Number: 22-745 <br />Amounts invested with LAIF are liquid, funds can be withdrawn with minimal notice as City <br />operations may require. The rate of return earned by LAIF follows fixed income security rates. <br />Chandler Asset Management manages the balance of the portfolio having a market value of <br />$127,058,000, 64% of the total portfolio. These investments range from one to almost five years <br />to maturity, with the average maturity at 1.92 years (same duration as on June 30, 2022). <br />The report notes the City is in compliance with all provisions of the City’s Investment Policy and <br />the City can meet its cash obligations during the next six-months. Chandler’s strategy is gradually <br />lengthening the average maturity of the portfolio to gain higher interest rates. <br />ATTACHMENTS <br />Attachment A: Resolution <br />Attachment B: Investment Report, prepared by Chandler Asset Management <br />PREPARED BY <br />Mayette Bailey, Finance Services Manager <br />Page 2 City of San Leandro Printed on 12/21/2022
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