HomeMy WebLinkAbout03/15/2022 06B February 2022 Investment Transactions ReportB US INE S S O F T HE C I T Y C O UNC I L
YAK I M A, WAS HING T O N
AG E ND A S TAT E M E NT
I tem No. 6.B .
F or Meeting of: March 15, 2022
I T E M T IT L E :February 2022 I nvestment Transactions Report
S UB M IT T E D B Y:J ennifer Ferrer-Santa I nes, Director of Finance and Budget
S UM M ARY E X P L ANAT I O N:
This monthly report is in compliance with R C W 35.39.032 which requires “The responsible
official or committee shall make a monthly report of all investment transactions to the city
legislative authority”. A complete Treasury report is provided to City Council quarterly that
provides a complete position listing with further analysis, economic outlook and strategy updates.
E ach investment is in full compliance with the City’s I nvestment Policy, S tate S tatues and City
Municipal Code.
I T E M B UD G E T E D:NA
S T RAT E G I C P RI O RI T Y:P ublic Trust and Accountability
AP P RO V E D F O R S UB M IT TAL B Y T HE C IT Y M ANAG E R
RE C O M M E ND AT I O N:
Review only. Submitted for routine transparency and accountability purposes.
AT TAC HM E NT S :
Description Upload Date Type
Memo 3/2/2022 Cover Memo
1
FINANCE
DATE: March 2, 2022
TO: Mayor and City Council
FROM: Jennifer Ferrer-Santa Ines, Director of Finance and Budget
Kimberly Dominé Financial Services Manager
RE: February 2022 Investment Transactions
The investment transactions for February 2022 were:
Matured:
none
Called:
none
Purchased:
$2,000,000 US Treasury maturing on March 31, 2025
The focus of investments now is to fill maturity gaps in a shortened (3-4-year maturity
horizon, instead of 5-year pre-COVID) ladder to minimize reinvestment risk subject to
rates at any one point in time and hedging against further decreasing rate exposure.
This monthly memorandum of all investment transactions complies with RCW 35.39.032 (“The
responsible official or committee shall make a monthly report of all investment transactions to the
city legislative authority”).
2
FINANCE
3