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March 9, 2021 Regular School Board Meeting
Title
Investment Performance Report for Quarter Ending December 31, 2020
Meeting Date(s)
Consent w/o Information - 03/09/2021
Consent Type
Without Information
Discussion

The attached report is a quarterly investment review for the quarter ending December 31, 2020.

The report includes a summary of market conditions due to the economic impacts of COVID-19 along with the District portfolio highlights as follows:

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

The report includes quarterly market information 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 December 31, 2020.

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; Susan Denyer, Director of Accounting Services, ext. 11660; Cynthia Lesinski, Chief Financial Officer, ext. 11600
Attachments
Brevard Board Report 4Q20 FINAL.pdf
Agenda Plus