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<br /> <br /> <br /> <br /> <br />CITY COUNCIL COMMUNICATION <br /> <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM ___ <br />SUBJECT: CASH & INVESTMENTS AT AUGUST 31, 2013 <br /> <br />DATE: SEPTEMBER 17, 2013 <br /> <br />PRESENTED BY: KEVIN WATSON, FINANCE DEPARTMENT <br /> <br /> <br />SUMMARY: <br /> <br />Attached is the August 31, 2013 report from Davidson Fixed Income Management, the <br />City’s Investment Advisor. <br /> <br />As of July 31, total cash and investments amounted to $50.7 million, a small decline of <br />approximately $100,000 from July 31. The average rate of return on all cash and <br />investments was approximately 0.42% during August 2013. <br /> <br />The following chart summarizes the distribution of all cash and investments for <br />December 2012 through August 2013. <br /> <br /> <br /> <br /> <br />Scott Prickett, Davidson Fixed Income Management, the City’s Investment <br />Advisor, will be at the meeting to update the Committee on various issues related <br />to the City’s investments. <br />6