Agenda Plus - January 14, 2020 - Regular School Board Meeting

January 14, 2020 - Regular School Board Meeting

Title
Investment Performance Report for Quarter Ending September 30, 2019

Meeting Date(s)
Consent w/o Information - 01/14/2020

Consent Type
Without Information

Discussion

The attached report is a quarterly investment review for the quarter ending September 30, 2019.

The highlights of the report are as follows:

Summary of yield by major fund against standard benchmarks
Maturity distribution, credit quality, & sector allocation by fund
Issuer & security type allocation compliance per policy

The report also includes a quarterly market report and an executive summary prepared by Public Financial Management, Inc. (PFM), the District's investment advisers.

Recommendation

Approve the investment performance review for the quarter ending September 30, 2019.

Authority for Action
Board policy - 6144

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding

Agenda Item will not Require the Expenditure of Funds

Financial Impact

FY	Amount	Budgeted	Fund	Cost Center	Project	Function	Object	Program

Legal Counsel Review
No

Contact
Katrina Kostner, Accounting Manager, ext. 11654 Jo Ann Clark, Director, Accounting Services, ext. 11660

Attachments
Brevard Board Report 3Q 2019.pdf