cash & investments policy recommendation finance committee january 28, 2014

Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Upload: juliana-glenn

Post on 17-Jan-2016

215 views

Category:

Documents

0 download

Report

Download

Embed Size (px):

TRANSCRIPT

Cash & Investments Policy Recommendation

Finance CommitteeJanuary 28, 2014

Overview of discussion

• NC municipal survey

• Governance • NC General Statutes• Local Government Commission

(LGC)

• Policy objectives

Other NC Cities

Cash & Investments Policy

UnitYes, has

formal policy No formal policyCary X Concord X Wilmington X Charlotte XWilson XWinston-Salem X Greenville X

Page 4: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

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.

Page 5: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Governance

LGC Policy Manual for local government cash & investments

Page 6: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Objectives of investment activity

Safety - preservation of capital

Liquidity - available when needed

Yield - maximize return subject to othe priorities

Local - invest with local banks, when appropriate

Diversification - balanced portfolio

Priority

Page 7: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Safety

High risk

investments are

not allowed

Safety - preservation of capital

Liquidity - available when needed

Yield - maximize return subject to othe priorities

Local - invest with local banks, when appropriate

Diversification - balanced portfolio

Priority

Page 8: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Liquidity

$15 million of

approximately

$100 million

available to pay

recurring bills

Safety - preservation of capital

Liquidity - available when needed

Yield - maximize return subject to othe priorities

Local - invest with local banks, when appropriate

Diversification - balanced portfolio

Priority

Page 9: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Yield

Challenging in

current rate

environment

Safety - preservation of capital

Liquidity - available when needed

Yield - maximize return subject to othe priorities

Local - invest with local banks, when appropriate

Diversification - balanced portfolio

Priority

Page 10: Cash & Investments Policy Recommendation Finance Committee January 28, 2014

Diversification and local investment($ millions)

$4.5

$16.5

$8.6

$7.6

$11.2 $17.5

$0.3

$34.1 CD's

Comm Paper

Fed Farm Credit

Fed Home Loan Bank

Fed Home Loan Mort

Fed National Mort

US Treasury

Liquid funds

* At June 30, 2013

The e rontier Managing Cash Investments - Western Asset · 2015-02-26 · Wester sset Februar 2015. The New Frontier: Managing Cash Investments. 2 Further details are contained in

· 2- 09-2010 11: 32 no. account victoria c o unty cash : investments acct . cash & as of: investments by fund january 31st, 2010 fund 11, 11, 6,

City of Sydney FINANCIAL STATEMENT€¦ · plus: Investments on hand - end of year. Total Cash, Cash Equivalents & Investments. Please refer to Note 11 for information on the following:

· 11- 5, o. 17-2009 02: 11 pm account name victoria county cash & investments by fund as of: october 31st, 2009 cash page . investments o. acct

PureTech Health plc Annual report and accounts 2018€¦ · Overview 1 Group cash and short-term investments includes consolidated cash and short-term investments plus the cash and

CASH WITHDRAWAL FROM YOUR RETIREMENT INVESTMENTS - dartmouth.eduhrs/pdfs/tiaa_cash_withdrawal.pdf · CASH WITHDRAWAL FROM YOUR RETIREMENT INVESTMENTS TAXCW/OTCPAYCSH F11379 ... F1

Poor Households’ Productive Investments of Cash …...Cash transfers can potentially generate household productive investments at the micro-economic level by alleviating specific

FINANCE AN D PER FOR MANCE COM BUSINESS … · 3 confirmation of minutes committee recommendation ... commonwealth bank balance $1,179,790 total investments and cash $56,427,719

Cash and Financial Investments

Chapter 6 Cash Flows EPS Taxation Unconsolidated Investments

puretech.red-hill.com · 1 Group cash and short-term investments includes consolidated cash and short-term investments plus the cash and short-term investment position of Independent

PIMA COUNTY, ARIZONAwebcms.pima.gov/UserFiles/Servers/Server_6/File... · 2010-12-20 · E. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, cash and investments

Annual Financial Report · Cash and cash equivalents $ 235,410 $ 142,545 $ 6,279 $ 4,587 Short-term investments 56,975 39,040

Africa Israel Investments Ltd. - afigroup-global.com Docs... · Current assets Cash and cash ... Marketable securities 17,122 141,086 ... Africa Israel Investments Ltd. (2) Subsidiaries

Chapter 10 Cash and Financial Investments

Chapter_ch 1616 Auditing Cash Investments

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ...Cash and cash equivalents* $ 57,918 $ 25,460 Short-term investments in U.S. Treasury Bills 45,243 78,515 Investments in fixed maturity

MICROCHIP TECHNOLOGY INCORPORATED · Cash and cash equivalents €$ 361,291€ €$ 446,329€ Short-term investments €€ 716,683€ €€ 943,616€ Accounts receivable, net

Humane Society of the US and Affiliates - AFS - D16 of December 31, 2016 Assets Cash and cash equivalents $ 27,692,845 Investments 190,405,246 Investments to fund deferred compensation

Are Treasurers Losing Millions on Their Investments? · Are Treasurers Losing Millions on Their Investments? ... Cash & Cash Equivalents, ... due perhaps in part to segmentation theory,

audit-uii.yolasite.comaudit-uii.yolasite.com/resources/AUDITING/5 Investments and Cash... · CHAPTER 18 / AUDITING INVESTMENTS AND CASH BALANCES [867] the audit risk model might indicate

Cash and Investments OFI FY20 v. 9.24.20 - Prelim Draft (002)

Investments in Debt and Equity Securities. TEMPORARY INVESTMENTS Use of idle cash Low risk investments Quickly and easily converted to cash Securities

REVISION FURTHER - Lakewood€¦ · [1]Debt to EBITDA (2014) 1.4x Total Cash & LT Investments (2014) $54.5 million . Cash & LT Investments to [1]Debt (2014) 434.9% [1] Debt includes

Cash, Investments, and Receivables Investments, and Receivables ... n How are held -to-maturity securities accounted ... LO 2 Co ntrol Over Cash Cash management is necessary to …

Treasury Function: Cash, Investments and Cash Flow Statements Convery 20131

Fidelity Investments Overview: NCCMT Cash and Term Portfolios

Capital Income, Risky Investments, and Income and Cash

FINANCIAL STATEMENT DISCUSSION AND ANALYSIS · 2020. 10. 1. · Cash & Cash Equivalents - Statement 5 (Cash Flow) provides information regarding cash inflows from operations and investments

Chapter 10 Cash and Financial Investments - CPA … · Web viewChapter 10 Cash and Financial Investments Answer Key True / False Questions 1. The auditors should count small petty

Cash and Investments OFI FY19 · year ended june 30, 2019; restricted cash: and cash ; total market : cash and ; equivalents and: restricted: endowment: other : value of cash: fund;

ehthybrid.comehthybrid.com/news/2012/2012.pdf · Cash and cash equivalents include cash on hand, bank balances, short-term liquid investments with

images2.loopnet.com...BEFORE TAX CASH FLOW CASH ON CASH RETURN ' I-LUNA InvestmentS I-LUNA Investments A Real Estate Company . LLUNA Investments I-LUNA Investments A Real Estate Company

Contents SYSTEM.doc · Web viewCASH AND CASH EQUIVALENTS Cash includes cash on hand and cash with banks. Cash equivalents are short-term highly liquid investments that are held with

CASH AND INVESTMENTS