1 / 10

Cash & Investments Policy Recommendation

Cash & Investments Policy Recommendation. Finance Committee January 28, 2014. Overview of discussion. NC municipal survey Governance NC General Statutes Local Government Commission (LGC) Policy objectives. Other NC Cities. Governance. § NCGS 159-30

john-franklin
Download Presentation

Cash & Investments Policy Recommendation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cash & Investments Policy Recommendation Finance Committee January 28, 2014

  2. Overview of discussion • NC municipal survey • Governance • NC General Statutes • Local Government Commission • (LGC) • Policy objectives

  3. Other NC Cities

  4. Governance • § NCGS 159-30 • A local government may deposit at interest or invest all or part of the cash balance of any fund. • The investment program shall be so managed that investments and deposits can be converted into cash when needed.

  5. Governance • LGC Policy Manual for local government cash & investments

  6. Objectives of investment activity

  7. Safety • High risk investments are not allowed

  8. Liquidity • $15 million of approximately $100 million available to pay recurring bills

  9. Yield • Challenging in current rate environment

  10. Diversification and local investment ($ millions) * At June 30, 2013

More Related