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HomeMy WebLinkAbout2010-04-27 City Council Agenda Item No. 4CITY OF DREAM EXTREME. REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: APRIL 27, 2010 SUBJECT: INVESTMENT REPORT- MARCH 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 Admi strative Services Approved By: Robert A. Brady) City Manager AGENDA ITEM NO. 4 Page 1 of 14 Page 2 of 14 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MARCH 31, 2010 ACTIVE ACCOUNTS 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 GASS 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 April 15, 2010 Acting Director of Administrative Sewces Date PrepnrN by: N. lu , Senior Accountant BANK DEPOSITS OUTSTANG. BOOK BALANCE IN TRANSIT CHECKS BALANCE $1,158,357.99 118,324.61 (617,996.78) 658,685.82 136,068.34 - (184.53) 135,883.81 8,212.29 8,212.29 1,302,638.62 118,324.61 (618,181 31) 802,781.92 11,501,035.02 4,251,111.44 1,005,440.00 1,014,120.00 2,040,580.00 1,000,000.00 999,750.00 1,000,000.00 22,812,036.46 23,071.00 54,468.00 22,812,036.46 23,071.00 54,468.00 77,539.00 77,539.00 22,889,575.46 - - 22,889,575.46 24,192,214.08 118,324.61 (618,181.31) 23,692,357.38 - 11,501,035.02 - - 4,251,111.44 - - 1,005,440.00 - - 1,014,120.00 - - 2,040,580.00 - - 1,000,000.00 - - 999,750.00 - - 1,000,000.00 300.00 1,000.00 23,693,657.38 Page 3 of 14 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF MARCH 31, 2010 FUND NO FUND NAME AMOUNT 100 General Fund 3,495,885.42 101 Supplemental Law Enforcement Fund 94,693.27 102 Local Law Enforcement Block Grant Fund (30,488.72) 103 Office of Traffic Safety Fund (10,105.13) 104 Traffic Offender Fund 82,840.28 106 Affordable Housing In Lieu Fund 1,064,070.23 107 Developer Agreement Revenue 405,168.54 108 Misc. Grant Fund (1,200.00) 110 State Gas Tax Fund 1,594,422.00 111 TUMF C.I.P. Fund (443,916.31) 112 Transportation Fund 2,234,696.85 115 Traffic Safety Fund 204,508.01 116 City Hall-Public Works DIF Fund 974,505.61 117 Community Center DIF Fund 56,852.24 118 Lake Side Facility DIF Fund 152,845.89 119 Animal Shelter DIF Fund 436,637.35 120 Camino Del Norte DIF 33,877.68 130 Lighting & Landscape Maintenance Fund (375,353.23) 135 #1 Lighting & Landscape Maintenance Fund 277,309.42 140 Geothermal Fund 18,571.98 150 C.D.B.G. Fund (118,514.13) 155 CSA152 - N.P.D.E.S. (37,463.12) 201 Street C.I.P. Fund 13,216.62 204 Signal C.I.P. Fund 144,583.41 205 Traffic Impact Fee Fund 714,152.87 211 Storm Drain C.I.P. Fund 2,589,189.75 221 Park C.I.P. Fund 135,500.60 231 Library C.I.P. Fund 1,345,667.41 232 City Fire Protection Fund 804,101.12 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 132,690.97 259 CFD 90-3 Construction Fund 20.12 266 CFD 2004-1 Marintiqu 1,007.03 272 CFD 2005-2 CIP Fund 878.65 351 AD 87-2 Debt Service Fund 50,883.54 352 AD 86-1 Debt Service Fund 11,852.20 353 AD 89-1 Debt Service Fund 66,584.24 356 AD 90-1 Debt Service Fund 247.94 357 CFD 2003-2 Canyon Hills 134,260.48 358 CFD 91-2 Debt Service Fund 2,098.08 360 AD 93-1 Debt Service Fund 140,492.03 362 CFD 95-1(96 Srs.E) Debt Service Fund (16,228.45) 363 CFO 88-311997 Series F Debt Service Fund 9,453.13 365 CFD 98-1 Summerhill Improvement fund 92,778.39 366 CFD 2004-1 Debt Service Fund 19,140.28 367 CFO 2005-3 Summeriy I Laing 10,076.52 368 CFD 2004-2 Vista Lago 74,826.90 369 CFD 2004-3 Rosetta Canyon 144,483.95 370 CFD 2005-x Camino Del Norte 4,259.47 371 CFD 2005-1 Serenity 39,036.50 372 CFD 2005-3 Alberhill Ranch 134,824.97 373 CFD 2005-5 Wasson Canyon 57,644.86 374 CFD 2005-4 Lakeview Villas 49,759.40 375 CFD 2005-1 D. Clurman 11,718.07 376 CFD 2005-7 La Strada (4,500.00) 377 CFD 2006-X Tessam 35,331.32 378 CFD 2007-X TR#31957 51,457.08 379 CFD 2007-X Marina Village 421.58 380 CFD 2006-9 Tuscany W 497.05 381 CFD 2006-10 River LK 47,265.86 382 CFD 2006-9 Trieste 66,149.49 383 CFD 2007-X Canyon Hills 66,119.11 384 CFD 2003-2 SRS 2006A 373,599.21 385 CFD 2004-3 SRS 2006A (2,470.00) 386 CFD 2007-4 Mekenna 21,870.99 387 CFD 2007-5 Red Kite (4,765.50) 388 CFD 2007-6 Holiday 6,244.36 389 CFD 88-3 Series 2008 104,333.80 604 Endowment Trust Fund 15,546.42 605 Public Improvement Trust Fund 567,423.23 606 Mobile Source Air Polution Fund 101,807.60 608 Trust Deposit & Pre Paid Expense 1,038,076.42 611 Developer Agreement Trust Fund 1,802,810.00 616 Fire Station Trust Fund 16.83 620 Cost Recovery System Fund 1,305,865.49 631 take Destat Equipment Replacement Fund 129,125.73 650 CFD 2003-1 Law & Fire Service Fund 920,232.68 651 CFD 2006-5 Park, OpnSpc 17,394.85 652 CFD 2007-1 Law & Fire 4,758.60 Total Pooled Cash & Investments 23,693,657.38 Page 4 Of 14 CITY OF LAKE ELSINORE INVESTMENT ACTIVITY SUMMARY FOR THE MONTH ENDING MARCH 31, 2010 Total outstanding investments as of February 28, 2010 CUSIP PURCHASE MATURITY/ COUPON YIELD TO INVESTMENT NUMBER DATE CALL DATE RATE MATURITY Investment Purchases: Total Purchases Investment Maturities: Total Maturities Investments Called: Total Calls Net increase (decrease) in LAIF Net increase (decrease) in Sweep Account Total outstanding investments as of March 31, 2010 $ 22,746,393.89 COST 65,642.57 $ 22,812,036.46 Page 5 of 14 Page 6 of 14 V1 ~yLz/ W W E* Con F* W~ d ~ a A O ~ H W U ~ F W z W a W a F U q W Q 0. 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'w w W w 00 w m >1 U d o a U U r w °o w i z a H F H U ~ F z a v w w w y W W F ro rn a .o v a~ w N x x a x U U a P M N N N C O w7 z h m ~n ~ c o d U W a m C o u u U a H u C W C W ro y rn v V `m `o U U > y z pv D pmp D v o ~ m p v~ ~ _ m v L W ( X ❑ t1 m R ° j > A y O o J , T i ~ z o .7 H a m a v F .o d z m z n O x 5 h m `u F x F m m z . . y H ¢ ~ ¢ ~ u N N w OO n V ~ V N U m W ~ U a Z L y O a° a° w C w ' d w" ~ ' O w" ~ 5 ~ N h w" C w Page 10 of 14 W 0 rl H a N ~ A M O ~ O H o° °o °o 00 O U °o °o a 0 ~ N rat U F A O o N o - 0 N o O o N a C E F - O F a a ~ v of F z 0 a 0 U D+ CL F F ~ w U M S 6° 0 o a S S o M o M s s° s M O M 0 0 0 0 0 0 0 0 0 M O M 0 0 0 N N N 0 a - 0 0 o, a a 0 0 0 N N N - ~ O v a 0 0 - o-A'i W Pa U D z F W z O ~ F X X w X m ~o 00 N M N M M M Z w w w v v a a a a d d U U ? .j N L UJ UI d a e e T > > s s N A a p GI 0.l m O o a Page 11 of 14 Page 12 of 14 CITY OF LAKE ELSINORE SUMMARY OF POLICY LIMITATIONS AS OF MARCH 31, 2010 DESCRIPTION U.S. Treasury Bills CURRENT PERCENTAGE BASED ON MARKET VALUE AS OF MARCH 31, 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 LAW (Local Agency Investment Fund) Current Balance Bank of New York - Trust Sweep Account Current Balance TOTAL 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.34% 8.72% 0.00% 0.00% 0.00% 0.00% 18.47% 0.00% 0.00% 49.99% 18.48% 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 $ 4,251,111.44 of Portfolio Maturing within one year 69.05% no less than 25% of Portfolio Maturing or Callable within one year 82.21% 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 Shell INTL FIN Berkshire Hathaway Federal Nat'l Mortgage Association Federal Home Loan Mortage Corp. Moody's: "Aa2" Moody's: "Aa1" Moody's: "Aa2" Moody's: "Aaa" Moody's: "Aaa" S&P:"AA" S & P: "AA" S & P: "AA+" S & P: "AAA" S & P: "AAA" Page 13 of 14 CITY OF LAKE ELSINORE PERCENT OF PORTFOLIO INVESTED IN FEDERAL AGENCIES JULY 2006 THROUGH MARCH 2010 TOTAL % OF % OF PORTFOLIO BY AGENCY PORTFOLIO IN MONTH FFOB 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% April 2007 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% November2008 6.46% 12.94% 12.89% 6.44% 38.74% December2008 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% September2009 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% March 2010 0.00% 0.00% 8.72% 4.34% 13.06% AVERAGE 0.45% 15.95% 4.56% 3.65% Fft(61%oof 14