Item - 2019.IB1.3
Tracking Status
- This item was considered by Toronto Investment Board on April 11, 2019 and was adopted without amendment.
IB1.3 - Sinking Fund and Long Term Fund - Portfolio Update
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Toronto Investment Board received the report (March 28, 2019) from the Executive Director, Corporate Finance, for information.
Origin
Summary
As required by the City of Toronto's Investment Policy, the purpose of this report is to provide the Toronto Investment Board with the following:
1. A schedule of Sinking Fund deposits as well as debt maturity dates and amounts for 2019;
2. The performance of the Sinking Fund and Long Term Fund during 2018;
3. The actual earned investment income in 2018 to be transferred to the City for operating purposes;
4. The expected earned investment income in 2019 to be transferred to the City for operating purposes based on the City's Operating Budget approved by City Council; and
5. Investment Policy and Plan Compliance reports for 2018 and the first two months of 2019.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-131333.pdf
Attachment 1 - City of Toronto Outstanding Public Debt Issues - Maturity Schedule as at December 31, 2018
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-131334.pdf
Attachment 2 - City of Toronto Sinking Funds Cash Flows from Deposits and Repayments as at December 31, 2018 (in millions of dollars)
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-131335.pdf
Attachment 3 - Compliance Reports
https://www.toronto.ca/legdocs/mmis/2019/ib/bgrd/backgroundfile-131336.pdf