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HomeMy WebLinkAboutCC Item No. 04CITY OF? E COD 9, DREAM EXTREME_ REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: MARCH 23, 2010 SUBJECT: INVESTMENT REPORT -FEBRUARY 2010 Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Recommendation Receive and file. Prepared By: Nancy L. Lassey Senior Accountan( Prepared By: James R. Rile Director of Administrative Services Approved By: Robert A. Brady City Manager AGENDA ITEM NO. 4 Page 1 of 12 Page 2 of 12 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF FEBRUARY 28, 2010 BANK DEPOSITS OUTSTANG. BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - General Bank of America - Payroll Bank of America - Flex Benefit Total Active Accounts INVESTMENTS Local Agency Investment Fund Bank of New York-Trust Sweep Account Bank of New York-Medium Term Corporate Notes Berkshire Hathaway Fin Corp. Shell Intl Fin B V-Medium Term Corporate Notes Federal Home Loan Mortgage Corp. Federal Home Loan Mortgage Corp. Federal National Mortgage Association Sub-total Investments Unrealized Gain/ (Loss) at 6-30-09 per GASB 31(LAIF) Unrealized Gain/ (Loss) at 6-30-09 per GASB 31 (Other) Unrealized Gain/ (Loss) at 6-30-09 per GASB 31 (Total) Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on September 22, 2009. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. James R. Riley March 16, 2010 Acting Director of Administrative Sewces Date Pre rat by: M rosary, Senior Arcoum $1,522,164.44 997,952.65 (400,451.44) 2,119,665.65 16,929.12 - (384.53) 16,544.59 11,544.13 11,544.13 1,550,637.69 997,952.65 (400,835.97) 2,147,754.37 11,501,035.02 - - 11,501,035.02 4,185,468.87 - - 4,185,468.87 1,005,440.00 - - 1,005,440.00 1,014,120.00 - - 1,014,120.00 2,040,580.00 - - 2,040,580.00 1,000,000.00 - - 1,000,000.00 999,750.00 - - 999,750.00 1,000,000.00 1,000,000.00 22,746,393.89 - - 22,746,393.89 23,071.00 - - 23,071.00 54,468.00 _ - - 54,468.00 77,539.00 77,539.00 22,823,932.89 - - 22,823,932.89 24,374,570.58 997,952.65 (400,835.97) 24,971,687.26 300.00 1,000.00 24,972,987.26 Page 3 of 12 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF FEBRUARY 28, 2010 FUND NO FUND NAME AMOUNT 100 General Fund 4,759,880.67 101 Supplemental Law Enforcement Fund 102,411.45 102 Local Law Enforcement Block Grant Fund (10,409.49) 103 Office of Traffic Safety Fund (61,537.59) 104 Traffic Offender Fund 77,899.86 106 Affordable Housing In Lieu Fund 1,060,735.15 107 Developer Agreement Revenue 476,214.16 110 State Gas Tax Fund 1,696,111.09 111 TUMF C.I.P. Fund (21.78) 112 Transportation Fund 2,097,468.90 115 Traffic Safety Fund 96,399.78 116 City Hall-Public Works DIF Fund 971,444.01 117 Community Center DIF Fund 56,468.52 118 Lake Side Facility DIF Fund 152,049.79 119 Animal Shelter DIF Fund 435,265.47 120 Camino Del Norte OF 33,771.05 130 Lighting & Landscape Maintenance Fund (820,080.04) 135 #1 Lighting & Landscape Maintenance Fund 283,975.29 140 Geothermal Fund 18,513.53 150 C.D.B.G. Fund (237,515.90) 155 CSA152 - N.P.D.E.S. (78,074.97) 201 Street C.I.P. Fund 13,175.02 204 Signal C.I.P. Fund 144,128.31 205 Traffic Impact Fee Fund 778,219.42 211 Storm Drain C.I.P. Fund 3,072,006.31 221 Park C.I.P. Fund 134,036.60 231 Library C.I.P. Fund 1,339,940.45 232 City Fire Protection Fund 801,575.48. 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 132,273.30 259 CFD 90-3 Construction Fund 20.06 266 CFD 2004-1 Mannfiqu 1,003.87 267 CFD 2006-1 Summedy (1,570.00) 272 CFD 2005-2 CIP Fund 875.89 351 AD 87-2 Debt Service Fund 50,723.37 352 AD 86-1 Debt Service Fund 1,331.02 353 AD 89-1 Debt Service Fund 63,418.60 356 AD 90-1 Debt Service Fund 242.00 357 CFD 2003-2 Canyon Hills 10,699.30 358 CFO 91-2 Debt Service Fund 2,091.48 360 AD 93-1 Debt Service Fund 140,057.45 362 CFD 95-1(96 Srs.E) Debt Service Fund (17,472.64) 363 CFD 88-3 / 1997 Series F Debt Service Fund 9,423.38 365 CFD 98-1 Summerhill Improvement fund 92,492.86 366 CFD 2004-1 Debt Service Fund (3,948.60) 367 CFD 2005-3 Summedy/ Laing 12,641.77 368 CFD 2004-2 Vista Lago 74,624.89 369 CFD 2004-3 Rosetta Canyon 135,758.50 370 CFD 2005-x Camino Del Norte 4,246.07 371 CFD 2005-1 Serenity (41,050.20) 372 CFD 2005-3 Alberhill Ranch 134,453.48 373 CFD 2005,5 Wasson Canyon 57,481.63 374 CFD 2005-4 Lakeview Villas 50,350.10 375 CFD 2005-1 D. Clurman 12,428.51 376 CFD 2005-7 La Strada (6,621.44) 377 CFD 2006-X Tessara 35,967.44 378 CFD 2007-X TR#31957 52,042.44 379 CFD 2007-X Marina Village 420.26 380 CFD 2006-9 Tuscany W 495.49 381 CFD 2006-10 River LK 47,864.41 382 CFD 2006-9 Trieste 66,688.60 383 CFD 2007-X Canyon Hills 65,910.99 384 CFD 2003-2 SRS 2006A 376,404.17 385 CFD 2004.3 SRS 2006A (108,381.81) 386 CFD 2007-4 Mekenna (4,743.35) 387 CFD 2007-5 Red Kite (21,854.62) 388 CFD 2007-6 Holiday 6,244.36 389 Cl 88-3 Series 2008 104,333.80 604 Endowment Trust Fund 15,496.72 605 Public Improvement Trust Fund 565,648.62 606 Mobile Source Air Polu[ion Fund 216,864.95 608 Trust Deposit & Pre Paid Expense 1,096,771.42 611 Developer Agreement Trust Fund 1,792,810.00 616 Fire Station Trust Fund 16.78 620 Cost Recovery System Fund 1,268,192.65 631 take Destral Equipment Replacement Fund 143,849.47 650 CFD 2003-1 Law & Fire Service Fund 919,055.00 651 CFD 2006-5 Park, OpnSpc 18,105.68 652 CFD 2007-1 Law & Fire 4,758.60 Total Pooled Cash & Investments 24,972,987.26 Page 4 of 12 CITY OF LAKE ELSINORE INVESTMENT ACTIVITY SUMMARY FOR THE MONTH ENDING FEBRUARY 28, 2010 Total outstanding investments as of January 31, 2010 CUSIP PURCHASE MATURITY/ COUPON YIELD TO INVESTMENT NUMBER DATE CALL DATE RATE MATURITY Investment Purchases: Total Purchases Investment Maturities: Total Maturities Investments Called: Federal National Mortgage Assn. 3136FH2W4 08/19/09 02/19/10 2.500% 2.500% Total Calls Net increase (decrease) in LAIF Net increase (decrease) in Sweep Account Total outstanding investments as of February 28, 2010 $ 18,733,893.89 COST (1,000,000.00) (1,000,000.00) 4,000,000.00 1,012,500.00 $ 22,746,393.89 Page 5 of 12 Tv~I v z W W F o W N ~ F N W W a azrca r O ~ r O U W~-+ mod' r~ H W Q N V V M < N Q Q N N N N N N F A N z z~~~ c n M V V V M ~ o 0 0 0 0 E m v v s 0 0 a w a F Q Q Q Q o Q o w z z z z~~ z g w U A a ~ 3 0 0 h b a W w Frl Ey N N N N N WU Q N z z .Mi .Vi .~i p p T ~i Q O O O O O a G T ti A W q ti ci o o r+ o e (.i r .o. <n ai W 00 v a b oho ~ w o ~`n~ `v W z N Vl ~ N .n M ~ y u N F ai O yj a w rzi W m ~ Ca 3 O O W O O O O O ~ q W W M ~O N O O d0' vl M ~ b F ~n o c 00Q o v r M ? 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E E . , E v :e w c F m `u v .ro o o o m F F F z x x 4 w ¢ E E E °i ~ a v N c- en ° e F N W N N V .7 ~ ~ ~ W W W F r b m P N a 0 F a a a U Page 8 of 12 O O Q l z z a N o z z z L) Q V O V O W F z z T T T z z z 6 O 0 0 0 z 0 w a F z ° z z z A p z w z D E. m z ¢ Q a z F " Q Q . .1 ' z z zz >1 ¢ F o as w r' .y V N z w N v C v w a a K K x K v x~~x w w F O o a U U U N F rw Q pW, O W ..1 .-1 U F U U F F j H a a w w C z ~a w F C a ~ x a~w ¢ ~ x h C1 ~7 rn ~ W a { W~ ' ' N v . t i U U '7 ~ a T M N N N N V O O'J fJ i M M M M W b O O H U W W c o U U k u a a a m y c v m ~ > G ~ ' m W W u ti v ~ U > `w Z C v v o v~ vi v p L Z Yi c m v € s z ° ° " .°a > A ° o > T w'~, c C e F m z z z u o x 5 ° 0 m F CC v F z F ¢ q ¢ w m o m ` a 0. 1 Z 5 o y C ° G L v v Page 9 of 12 /W o W O O N V~ W N W A ~ d c .v O d U d O O O C O U O O O O O P O cl N Vf a1 U q O N ~ 0 + N ~ 0 O N O - - a 6 F O F a q a (ara U H F rF-i q ~ F FG F F ~ ~~I q /y U ~ q a V ] z W. O RWi F z 0 F .'7 F z 0 0 0 0 0 0 ' o M s s s C0 C0 °a 0 0 ' o c~i 6E S b~ 0 0 0 0 0 0 0 0 0 m o m a v 0 0 0 N N N n y O V V O O T O O~ O O O N N N .b. .V- d O p p r x x x w x ti r r~ rn e1 w w w U U .1 ..1 ~ v d d T > > S 5 d m o 0 Page 10 of 12 CITY OF LAKE ELSINORE SUMMARY OF POLICY LIMITATIONS AS OF FEBRUARY 28, 2010 DESCRIPTION U.S. Treasury Bills CURRENT PERCENTAGE BASED ON MARKET VALUE AS OF FEBRUARY 28. 2010 0.00% MAXIMUM PERCENTAGE UNLIMITED U.S. Treasury Notes Federal Agency Issues: FICB FFCB FLB FHLB FNMA FHLMC Banker's Acceptances Certificates of Deposit Negotiable Certificates of Deposits Commercial Paper Medium Term Corporate Notes Repurchase Agreements Reverse Repurchase Agreements LAIF (Local Agency Investment Fund) Current Balance Bank of New York - Trust Sweep Account Current Balance 0.00% 0.00% 0.00% 0.00% 0.00% 4.43% 8.76% 0.00% 0.00% 0.00% 0.00% 18.56% 0.00% 0.00% 50.04% 18.21% TOTAL 100.00% UNLIMITED UNLIMITED UNLIMITED UNLIMITED UNLIMITED UNLIMITED UNLIMITED 40.00% 25.00% 30.00% 15.00% 30.00% UNLIMITED 20.00% UNLIMITED $ 11,501,035.02 UNLIMITED $ 4,185,468.87 of Portfolio Maturing within one year 68.96% no less than 25% of Portfolio Maturing or Callable within one year 82.15% Note: Local agencies are only eligible to purchase medium term corporate notes that have a rating of "A" or better by both Moody's Investors Service, Inc., and Standard and Poor's Corporation (S & P). If a security falls below "A" by both rating agencies, then the Director of Administrative Services will evaluate the need to sell the security prior to maturity. The medium term corporate notes purchased by the City have the following ratings: Bank of New York Mellon Moody's: "Aa2" S & P: "AA-" Shell INTL FIN Moody's: "Aa1" S & P: "AA" Berkshire Hathaway Moody's: "Aa2" S & P: "AAA" Federal Nat'l Mortgage Association Moody's: "Aaa" S & P: "AAA" Federal Home Loan Montage Corp. Moody's: "Aaa" S & P: "AAA" Page 11 of 12 CITY OF LAKE ELSINORE PERCENT OF PORTFOLIO INVESTED IN FEDERAL AGENCIES JULY 2006 THROUGH FEBRUARY 2010 TOTAL % OF % OF PORTFOLIO BY AGENCY PORTFOLIO IN MONTH FFCB FHLB FHLMC FNMA FEDERAL AGENCIES August 2006 0.00% 28.57% 2.19% 4.41% 35.17% September 2006 0.00% 26.17% 2.37% 4.77% 33.31% October 2006 0.00% 26.26% 2.38% 4.79% 33.43% November 2006 0.00% 24.69% 2.46% 0.00% 27.15% December 2006 0.00% 28.04% 2.54% 0.00% 30.58% January 2007 0.00% 27.59% 2.12% 0.00% 29.71% February 2007 0.00% 26.60% 2.21% 0.00% 28.81% March 2007 0.00% 32.82% 4.68% 0.00% 37.50% Apri12007 0.00% 30.05% 4.73% 0.00% 34.78% May 2007 0.00% 31.17% 4.80% 0.00% 35.97% June 2007 0.00% 36.37% 4.28% 0.00% 40.65% July 2007 0.00% 36.07% 4.25% 0.00% 40.32% August 2007 0.00% 41.34% 2.43% 0.00% 43.77% September 2007 0.00% 39.24% 0.00% 0.00% 39.24% October 2007 0.00% 31.02% 0.00% 0.00% 31.02% November 2007 0.00% 29.61% 0.00% 0.00% 29.61% December 2007 0.00% 28.06% 0.00% 0.00% 28.06% January 2008 0.00% 16.79% 0.00% 0.00% 16.79% February 2008 0.00% 11.72% 0.00% 0.00% 11.72% March 2008 0.00% 11.72% 0.00% 0.00% 11.72% April 2008 0.00% 9.66% 0.00% 0.00% 9.66% May 2008 0.00% 9.20% 0.00% 0.00% 9.20% June 2008 0.00% 12.36% 2.06% 0.00% 14.42% July 2008 0.00% 13.06% 6.55% 4.36% 23.97% August 2008 0.00% 15.60% 10.42% 5.20% 31.22% September 2008 0.00% 13.54% 10.85% 5.40% 29.79% October 2008 0.00% 15.60% 12.54% 6.25% 34.39% November 2008 6.46% 12.94% 12.89% 6.44% 38.74% December 2008 6.58% 6.65% 9.86% 6.57% 29.66% January 2009 6.59% 6.67% 3.30% 6.62% 23.18% February 2009 0.00% 7.11% 0.00% 7.06% 14.18% March 2009 0.00% 0.77% 0.00% 3.84% 4.61% April 2009 0.00% 7.48% 3.72% 3.74% 14.94% May 2009 0.00% 7.45% 3.70% 3.63% 14.78% June 2009 0.00% 0.00% 3.68% 3.62% 7.30% July 2009 0.00% 0.00% 3.76% 3.70% 7.46% August 2009 0.00% 0.00% 7.33% 10.97% 18.30% September 2009 0.00% 0.00% 8.88% 13.28% 22.16% October 2009 0.00% 0.00% 10.34% 15.47% 25.81% November 2009 0.00% 0.00% 10.61% 10.58% 21.19% December 2009 0.00% 0.00% 10.56% 10.57% 21.13% January 2010 0.00% 0.00% 10.58% 10.55% 21.13% February 2010 0.00% 0.00% 8.76% 4.43% 13.19% AVERAGE 0.46% 16.33% 4.46% 3.63% 24.88% Page 12 of 12