City of Maitland
FL

Discussion Item

Review 1st Quarter Financial / Investment Summary

Information

Department:Fiscal Advisory BoardSponsors:
Category:Discussion

Attachments

  1. Printout

Financial Impact

N/A

Ord and Res Only

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Meeting History

Mar 13, 2018 6:30 PM  Fiscal Advisory Board Regular

Reviewed 1st quarter budget to actual and investment summary.

Staff made inquiry to FAB board regarding the investment allocations. Current LGIP allows for 75% of investment position of City. Given the number of LGIP available in the State, staff requested increasing the maximum to 90% with an additional requirement that no more than 40% would be with any single pool.

RESULT:APPROVED [UNANIMOUS]
MOVER:Bryan Stewart, Member
SECONDER:Jacqueline Churchill, Member
AYES:Grey S. Binford, Bryan Stewart, Jacqueline Churchill

Discussion