City of Gainesville - File #: 210960.

• File #: 210960.
• Version: 1
• Type: Discussion Item
• Status: Agenda Ready
• File created: 2/28/2022
• In control: Finance Committee
• On agenda: 3/9/2022
• Final action: 3/9/2022
• Title: Fiscal Year 2022 First Quarter Investment Performance Reports for the City of Gainesville Operating Funds, General Employees’ Pension Fund, Police Officers’ and Firefighters’ Pension Fund, Retiree Health Insurance Trust Fund, Evergreen Cemetery Trust Fund (B) Finance Committee to review various Fiscal Year 2022 First Quarter Investment Performance Reports.

Date	Ver.	Action By	Action	Result
3/9/2022	1	Finance Committee	Approved as Recommended	Pass

Title

Fiscal Year 2022 First Quarter Investment Performance Reports for the City of Gainesville Operating Funds, General Employees’ Pension Fund, Police Officers’ and Firefighters’ Pension Fund, Retiree Health Insurance Trust Fund, Evergreen Cemetery Trust Fund (B)

Finance Committee to review various Fiscal Year 2022 First Quarter Investment Performance Reports.

Explanation

In accordance with the City’s Investment Policy, quarterly investment and performance reports are required to be provided to the City Commission. The following reports are submitted for FY 2022 First Quarter (Period Ending December 31, 2021):

1)  FY22 1st Quarter Gainesville Investment Performance Overview

2)  FY22 1st Quarter City SBA Prime Fund Account Investment Performance Report

3)  FY22 1st Quarter City Truist Bank Account Interest Report

4)  FY22 1st Quarter Evergreen Cemetery Trust Fund Investment Performance Report

5)  FY22 1st Quarter General Employees’ Pension Fund Investment Performance Report

6)  FY22 1st Quarter Police Officers’ & Firefighters’ Pension Fund Investment Performance Report

7)  FY22 1st Quarter Retiree Health Insurance Trust Fund Investment Performance Report

Detailed quarterly reports related to the City’s SBA Prime Fund Account, Truist Bank Accounts, Evergreen Cemetery Trust Fund, General Employees’ Pension Plan, Consolidated Police Officers’ & Firefighters’ Pension Plan and Retiree Health Insurance Trust Fund are included as back-up to this item. The reports are derived from applicable bank and custodian statements, and are provided by City staff and respective investment consultants.

Additionally, two internal review committees meet quarterly to review the portfolio’s performance, economic and market conditions to ensure the City is well positioned in its investment portfolios.

Fiscal Note

General Government Operating Fund pooled cash is managed by the City in accordance with its investment policy, and is currently held in the Cit...